The computing power of AI chips sold each quarter has grown 2.5× per year since the start of 2024. That’s down from roughly 6× in 2023, led by Nvidia’s then-new H100 GPU. Some evidence suggests growth slowed further. But quarterly sales are noisy, and our data ends just as Nvidia begins shipping its next-generation chips, a move that has historically spiked sales. This could be a lull between generations. See our website for more details on the analysis: https://epoch.ai/data-insights/ai-computing-capacity-additions-doubling This is from our AI chip sales dataset, which uses financial reports, company disclosures, and more to estimate compute, power usage, and spending for a wide variety of chips: https://epoch.ai/data/ai-chip-sales