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 realize this is not a concert.”
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.
It began incorporating machine learning-supporting technologies into its chips well before the AI revolution, an investment that has helped it increase its market dominance.
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.
Nvidia can still expand its overall business even if it loses some share in the market.
