The most recent artificial intelligence (AI) chip from Nvidia is 30 times faster than its predecessor at certain tasks.
With an 80% market share, the company wants to further solidify its lead.
At its annual developer conference, Jensen Huang, the company’s chief executive, unveiled a new suite of software tools in addition to the B200 “Blackwell” processor.
After Apple and Microsoft, Nvidia is the third-most valued firm in the United States
Its market worth reached $2 trillion (£1.57 trillion) last month, and its shares have increased 240% over the previous year.
Mr. Huang made a lighthearted statement to begin the conference, saying, “I hope you realise this is not a concert.”
However, Bob O’Donnell from Technalysis Research, who was present, told the BBC that “there was a buzz in the air” about the event.
“I didn’t see something like this in the tech industry in quite some time,” he remarked.
“Actually, a few people were employing connections to the beginning of Jobs and his types of speeches.”
Major clients of Nvidia, such as Amazon, Google, Microsoft, and OpenAI, are anticipated to employ the company’s new flagship processor for both their own AI products and cloud computing services.
Additionally, it said that the new software tools, known as microservices, increase system efficiency and facilitate a business’s integration of AI models into its operations.
Additional highlights include a new series of automotive chips that enable chatbots to operate within the automobile. It added that its new chips will be used by both BYD and Xpeng, two Chinese manufacturers of electric vehicles.
In addition, Mr. Huang invited a few of the robots to join him on stage as he described a new range of chips for building humanoid robots.
Nvidia was first recognized for producing computer processors that processed visuals, especially for video games, when it was founded in 1993.
Long before the AI revolution, it started integrating machine learning-supporting technology into its chips, an investment that has helped it gain more market share.
As AI-powered technology becomes more widely used in business, this company is becoming increasingly important to keep an eye on.
However, rivalry from rivals like AMD and Intel is intensifying.
Since the market offers so many options, Mr. O’Donnell asserts, “even though the company sacrifices substantial stock, that they may continue to expand their whole business.”
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