Nvidia rolled out its latest artificial intelligence (AI) chip, boasting a 30-fold increase in performance compared to its predecessor, at its annual developer conference in San Jose, California.
With an impressive 80% market share, the company is firm in its efforts to strengthen its position in the industry. Alongside the debut of the B200 “Blackwell” chip, CEO Jensen Huang introduced a suite of cutting-edge software tools.
Ranked as the third-most valuable company in the US, Nvidia has experienced a remarkable surge in its shares, soaring by 240% over the past year. Last month, its market value peaked at a staggering $2 trillion.
Huang started the conference in a humorous mood, reminding everyone attending the event that it was not a concert. However, attendees, including Bob O’Donnell from Technalysis Research, noted an undeniable atmosphere of excitement.
According to O’Donnell, they have never witnessed such passion in the tech industry before, and some even drew comparisons to the amazing presentations of Steve Jobs.
Nvidia, in its announcement, said that major clients such as OpenAI, Google, Amazon, and Microsoft will utilize its new flagship chip for AI applications and cloud-computing services further fuelling anticipation.
Nvidia’s robust GPU chips and software play a vital role in crafting generative AI, setting the benchmark with its blockbuster H100 product launched in 2022.
In addition to the new AI chip, Nvidia unveiled a series of innovative software tools dubbed microservices. These tools are aimed at enhancing system efficiency for seamless integration of AI models into business operations.
The company also revealed plans for a new line of chips tailored for automobiles, which are capable of running chatbots directly within the vehicle. Nvidia said its Chinese electric vehicle manufacturers Xpeng and BYD will also use its AI chips.
Huang outlined Nvidia’s vision for the future, showcasing a series of chips designed for humanoid robots, showcasing several prototypes on stage.
Established in 1993 with a focus on graphics processing chips for gaming, Nvidia strategically moved to incorporate features supporting machine learning. This move is seen as the company’s attempt to propel its market share.
Nvidia is a pivotal player in the industry. The company’s trajectory reflects the widespread adoption of AI-powered technology across various sectors. However, the company faces tough competition from rivals such as Intel and AMD.
O’Donnell emphasized the rapid growth of the market, suggesting that despite potential challenges to market share, Nvidia remains focused on continued progress and growth in the industry.
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