June 24, 2024
Wall Street tech darling Nvidia unveils more AI products — including a new supercomputer

Wall Street tech darling Nvidia unveils more AI products — including a new supercomputer

Wall Street clearly hasn’t seen anything yet.

Nvidia Corp., the chip manufacturer that investors can’t seem to get enough of, announced a flurry of dazzling AI-related products over the weekend, including a new supercomputer, alongside plans to make online gaming figures come alive.

“We’re now at the tipping point of a new computing era with accelerated computing and AI that’s been embraced by almost every computing and cloud company in the world,” Jensen Huang, the founder and CEO of Nvidia, said in a keynote address delivered Monday at the Computex expo in Taipai, according to a blog post on the company’s website.

“‘It will give nonplayable characters conversational skills so they can respond to questions with lifelike personalities that evolve.’ ”

— CEO Jensen Huang on the new Nvidia Avatar Cloud Engine for games

Last week, Sunnyvale, Calif.–based Nvidia NVDA, +2.54% blew away investors with earnings and a forecast for a big leap in revenue, thanks to a booming business in AI-related chips, with shares closing at a record high of $389 a share on Friday.

Opinion: Did Nvidia just help create an AI-fueled stock bubble?

At the top of a laundry list of high-tech items, the Taiwan-born Huang unveiled the DGX GH200, a large memory AI supercomputer platform, used to help developers build big language models for AI chatbots; complex algorithms for recommendation systems, which use so-called big data to recommend products to consumers; and graph neural networks for fraud detection and data analytics.

The company said Alphabet GOOGL, +0.92% GOOG, +0.87% unit Google, Facebook and Instagram parent Meta Platforms META, +3.70% and Microsoft MSFT, +2.14% will likely be the first to deploy the DGX GH200, “which can be used as a blueprint for future hyperscale generative AI infrastructure.”

Nvidia is also building its own massive AI supercomputer, called Nvidia Helios, which is set to come online this year and use four DGX GH200 systems to supercharge data for training big AI models, said Huang.

Read: Nvidia CEO tells graduates: Take advantage of AI or get left behind

And more than 400 systems configurations will be coming to the market powered by the company’s so-called Hopper, Grace, Ada Lovelace and Bluefield CPU (central processing unit) and GPU (graphic processing units) architectures, Huang announced. On the cloud front, he offered Nvidia Spectrum-X, a networking platform aimed at turbocharging cloud networks that’s already available from Dell Technologies DELL, +0.89%, Lenovo 992, -1.35% and Supermicro.

On the gaming front, Huang rolled out the Nvidia Avatar Cloud Engine for games, a foundry services that developers can use to build and deploy custom AI models for speech, conversation and animation. “It will give nonplayable characters conversational skills so they can respond to questions with lifelike personalities that evolve,” he said.

A deal with U.K.-based advertising holding company WPP WPP, +1.20% WPP, +0.83% to develop a content engine that uses generative artificial intelligence for digital advertising was also unveiled by Huang. “Today ads are retrieved, but in the future when you engage information much of it will be generated — the computing model has changed,” he said.

Huang also pointed out how the $46 trillion manufacturing sector was beginning to make use of AI. Electronics makers such as Foxconn Industrial Internet 601138, -1.28%, InnoDisk 5289, -2.25%, Pegatron 4938, +0.40% and Wistron 3231, -1.18% are “forging digital workflows” with Nvidia technologies to move toward digital smart factories, the Nvidia CEO said.

“The world’s largest industries make physical things,” Huang observed. “Building them digitally first can save billions.”

Read on: Nvidia barrels toward rare $1 trillion valuation after putting a dollar figure on AI boost

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