IBM has unveiled an upgraded computer chip that could give its customers an AI boost, potentially reshaping how some industries handle data-intensive tasks.For big businesses still relying on IBM’s powerhouse mainframe systems, the Telum II processor could mean smarter, faster operations in an increasingly AI-driven world. Banks might spot fraud more quickly, insurers could process claims more accurately, and retailers may offer more personalized shopping experiences.The AI chip market is booming, with demand outstripping supply as businesses worldwide clamor for more computing power. Nvidia, AMD, and Intel have surged in revenues, while tech giants like Google, Amazon, and Microsoft are developing custom AI processors. This chip rush stems from the growing ubiquity of AI applications, from chatbots to autonomous vehicles. The resulting competition has spurred innovation, driving down costs while pushing the boundaries of what’s possible in machine learning and data processing.Experts say the AI chip revolution could profoundly influence commerce. Retailers with powerful AI hardware can now analyze customer behavior in real-time, tailoring promotions and inventory to maximize sales