Nvidia has introduced its latest artificial intelligence (AI) chip, claiming it can perform certain tasks 30 times faster than its predecessor. The company, which holds an 80% market share, aims to solidify its position in the industry.
At the annual developer conference, Nvidia’s CEO Jensen Huang unveiled the B200 “Blackwell” chip along with a new set of software tools. The company, ranked as the third-most valuable in the US after Microsoft and Apple, has seen a 240% surge in its shares over the past year, reaching a market value of $2tn (£1.57tn) last month.
Major customers like Amazon, Google, Microsoft, and OpenAI are expected to utilize Nvidia’s new flagship chip for cloud-computing services and their own AI offerings. Additionally, the company announced new software tools called microservices to enhance system efficiency and facilitate the integration of AI models into businesses.
Nvidia also revealed a new line of chips for cars capable of running chatbots within vehicles. Chinese electric vehicle makers BYD and Xpeng are set to adopt these new chips. Furthermore, Mr. Huang outlined a series of chips for creating humanoid robots, showcasing several robots on stage.
Founded in 1993, Nvidia initially focused on producing graphics processing chips for computer games before expanding into AI-related features. The company’s strategic investments in machine learning have contributed to its market share growth, positioning it as a key player in the rapidly evolving AI technology landscape.
Despite facing competition from rivals like AMD and Intel, Nvidia remains optimistic about its growth prospects in the expanding AI market. Analysts believe that even if Nvidia loses some market share, the overall business can still thrive due to the abundance of opportunities in the industry.
