Nvidia: US tech giant unveils latest artificial intelligence chip

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By journalsofus.com

  • By Mariko Oei
  • business reporter

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Nvidia CEO Jensen Huang announces new AI chip at an event in San Jose, California

Nvidia has unveiled its latest artificial intelligence (AI) chip that is up to 30 times faster than its predecessor at some tasks.

The company has 80% market share and is expected to consolidate its dominance.

In addition to the B200 “Blackwell” chip, its chief executive Jensen Huang detailed a new set of software tools at its annual developer conference.

Nvidia is the third most valuable company in the US, behind only Microsoft and Apple.

As Mr. Huang opened the conference, he joked, “I hope you realize this is not a concert.”

But Bob O’Donnell of Technalysis Research, who was present at the event, told the BBC that “there was a buzz in the air”.

“I haven’t seen anything like this in the tech industry for a long time,” he said.

“In fact, some people were drawing analogies to Steve Jobs’ early presentations.”

Nvidia said major customers including Amazon, Google, Microsoft and OpenAI are expected to use the firm’s new flagship chip for cloud-computing services and their own AI offerings.

It also says that new software tools, called microservices, improve system efficiency by making it easier for a business to incorporate AI models into its work.

Other announcements include a new line of chips for cars that can run chatbots inside the vehicle. The company said Chinese electric vehicle makers BYD and Xpeng will both use its new chips.

Mr. Huang also outlined a new series of chips for building humanoid robots, inviting several robots to join him on stage.

Founded in 1993, Nvidia was originally known for making computer chips that process graphics, especially for computer games.

Long before the AI ​​revolution, it began adding features to its chips that are said to help with machine learning, investments that have helped it gain market share.

It is now seen as a key company to keep an eye on given how quickly AI-powered technology is spreading across the business world.

But competition is increasing from rivals like AMD and Intel.

Mr O’Donnell said the market is growing so fast that “even if Nvidia loses some share, they can still grow their overall business because there are so many opportunities for everyone”.

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