Preheat your oven to 350°F (175°C). Grease a 9-inch round cake pan and set aside.

In a medium bowl, whisk together the flour, baking powder, baking soda, and salt. Set aside.

In a large mixing bowl, cream together the butter and sugar until light and fluffy. Add the eggs, one at a time, mixing well after each addition.

Add the flour mixture to the butter mixture in three additions, alternating with the buttermilk, and mixing until just combined. Stir in the vanilla extract and chocolate chips.

Pour the batter into the prepared pan and smooth the surface with a spatula.

Bake for 35-40 minutes or until a toothpick inserted into the center of the cake comes out clean.

Allow the cake to cool in the pan for 5 minutes before removing it from the pan and transferring it to a wire rack to cool completely