Jensen Huang, the CEO of Nvidia has unveiled the new AI chip at an event hosted in San Jose, California. The new chip can complete tasks up to 30 times faster than previous models. The firm has high hopes and with an 80% market share, they believe that this release will cement their dominance in the tech sector. In addition to the B200 Blackwell Chip, Huang detailed a range of new software tools at the annual conference. Nvidia’s shares have surged by over 240% over recent years, with a market value of over 2 trillion dollars.
AI is a Catalyst for Explosive Growth
The potential for AI is indeed huge. Several sectors have already embraced this technology for a while, with the gaming sector leading the charge. Game developers often use AI when creating new titles, and this is increasingly being seen in the wider entertainment industry.
While the label of ‘AI’ can be used quite broadly at the moment, it’s indisputable that technology and machine learning have come a long way, dramatically changing the landscape as we know it. Look at iGaming for example, Paddy Power online casino uses RNG (random number generators) to make sure players get fair outcomes, and a lot more happens behind the scenes with slot design and using HTML5 to make the site accessible to all users. Once AI is embedded into this industry, it is likely a new transformation will begin.
Flagship in Cloud Computing
Nvidia has said that major customers, including Microsoft, OpenAI and Google are all expected to use the new chip for their AI-based offerings. New software tools, known as microservices are also said to improve efficiency, making it much easier for businesses to incorporate AI within their network.
Other announcements include a new line of chips for cars. This will to allow chatbots to run within a vehicle. Xpeng and BYD, both creators of electric vehicles, intend on using the chip going forward. In other interesting news, Huang has also announced a new series of chips that are going to be used to create AI humanoid robots. The robots are going to mark a new technological revolution for the company, showcasing what they are capable of while solidifying their legacy as being one of the top tech companies in the world.
Founded in 1993, Nvidia was once known for making computer chips that aid with graphic processing. The main purpose at the time was for computer games. Before the AI revolution, they began to add features to the chips to help with machine learning. These investments have helped to rocket their market share. When it comes to AI-related technology, Nvidia has shown that they are a company to watch, as their technology rapidly spreads across the world.
Competition is heating up, however, with rivals such as Intel and AMD also investing in AI to try and get ahead of the market. The market is growing at such a rapid pace that even if Nvidia does end up losing some market share, it can still grow its business due to the sheer amount of available opportunities. The dawn of a new digital age is upon us and with advancements like this in the pipeline, there’s no telling what exciting announcements are ahead.
