Paper 1 real-world example: monopoly and barriers to entry
The US-based technology company Nvidia has probably benefited as much as any other company from the growth in artificial intelligence. The company is based in Santa Clara, California and was started in 1993 by Jensen Huang (CEO), Chris Malachowsky, and Curtis Priem. Nvidia is a software business that designs and supplies graphics processing units (GPUs). GPUs are crucial for artificial intelligence (AI) because they...