Nvidia is preparing to introduce new artificial intelligence technologies at its annual conference – #Nvidia #preparing #introduce #artificial #intelligence #technologies #annual #conference

March 21 (Reuters) – Nvidia Corp ( NVDA.O ) Chief Executive Officer Jensen Huang is expected to unveil new artificial intelligence chips and technologies at the company’s annual conference for software developers on Tuesday.

Analysts will be watching as the Santa Clara, Calif.-based company provides more details on how it plans to expand access to the processing power used to develop fast-growing technologies such as the ChatGPT chatbot.

Last month, Huang gave investors easier access to large systems built with his chips offer to launch its own cloud computing service.

At Tuesday’s conference, he will discuss “what’s next” in artificial intelligence, the company said on its website.

Nvidia has dominated the market for chips used to develop generative artificial intelligence technologies, which can answer questions with human-like text or generate fresh images based on a text query.

These new technologies rely on the use of thousands of Nvidia chips simultaneously to train artificial intelligence systems on huge databases. For example, Microsoft Corp ( MSFT.O ) for startup OpenAI to use in developing technologies that support its wildly popular ChatGPT 10.built a system with over 000 Nvidia chips.

While Nvidia faces competition from Advanced Micro Devices ( AMD.O ) and several startups in the AI ​​chip market, the company has more than 80% of the market for chips used in training artificial intelligence systems.

The boom in artificial intelligence has helped Nvidia shares soar 77% this year, while the Nasdaq Composite Index is up 11.5%. 640 billion With a dollar market capitalization, Nvidia has become roughly five times more valuable than long-term rival Intel Corp ( INTC.O ).

Reporting by Stephen Nellis in San Francisco; Edited by Bradley Perrett

Our standards: Thomson Reuters Trust Principles.

2023-03-21 14:45:51
Source – reuters

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