Tech giants Meta, Google, and Apple are advancing in AI chip technology, with Meta releasing its own AI chip and Apple planning a new M4 chip for Macs.

Apple's new M4 chip is part of a strategy to revive its Mac sales, intending to update the entire Mac lineup by the end of 2024.

The AI chips market is forecasted to grow to $92.5 billion by 2031, with major tech companies driving the expansion.

In the semiconductor industry, Nvidia dominates the market share over AMD, though both have positive long-term outlooks.

Nvidia is favored over AMD in market valuation, despite AMD's progress in AI chip development.