At the highly-anticipated Consumer Electronics Show (CES) in Las Vegas on Monday, Nvidia unveiled its latest innovation – the GB10 superchip. Alongside this groundbreaking announcement, the chipmaker also introduced other AI-centric developments that are set to revolutionize various industries.
Nvidia’s Vision for AI Software Offerings
In a keynote speech at CES, Nvidia CEO Jensen Huang shared his vision for the company’s AI software offerings. He emphasized the importance of developing powerful and efficient AI systems that can handle complex tasks with ease. The GB10 superchip is a testament to this vision, boasting unprecedented processing power and capabilities.
Project DIGITS: A Desktop System Powered by GB10
Nvidia announced that its new GB10 superchip will be available in the Project DIGITS desktop system, which is set to hit the market in May. This cutting-edge device starts at a price of $3,000 (£2,392.80) and promises to deliver unparalleled performance and efficiency.
Cosmos Platform: A Breakthrough in Physical AI Systems
In addition to the GB10 superchip and Project DIGITS, Nvidia also debuted its open model license Cosmos platform for developing physical AI systems. This innovative platform enables the creation of advanced technologies such as humanoid robots and self-driving vehicles. The possibilities offered by Cosmos are vast, and it has the potential to transform industries across the globe.
Market Reaction
Ahead of Huang’s speech, Nvidia shares closed at a fresh record high of $149.43 on Monday, with the stock up nearly another 2% in pre-market trading on Tuesday. Russ Mould, investment director at AJ Bell, commented: "Nvidia’s runaway success means it has high expectations to meet on everything it does." The launch of its next-generation gaming chips was always going to be a pivotal moment, and true to its style, Nvidia has unveiled something that promises to be faster and better than what’s already on offer.
Microsoft’s AI Investment in India
In related news, Microsoft (MSFT) CEO Satya Nadella reportedly announced plans to invest $3bn in the company’s AI and cloud computing capabilities in India. This investment is part of Microsoft’s efforts to tap into the growing demand for AI solutions in the country. Over two years, Microsoft aims to give AI training to 10 million people in India by 2030.
Meta Platforms’ New Appointments
Social media company Meta (META) was in focus after announcing new appointments to its board. Dana White, CEO of the Ultimate Fighting Championship (UFC), and ally of US president-elect Donald Trump, has joined the board along with former Microsoft executive Charlie Songhurst and Exor’s CEO John Elkann. Mark Zuckerberg, CEO of Facebook-parent Meta, stated: "Dana, John and Charlie will add a depth of expertise and perspective that will help us tackle the massive opportunities ahead with AI, wearables and the future of human connection."
Tencent’s Troubles
Shares in Tencent (0700.HK) slid 7% on Tuesday after the US added the technology company to its blacklist of firms suspected of having ties to the Chinese military. The Shenzhen-headquartered company was one of those listed by the US Defense Department, which stated that it had determined as qualifying as a Chinese military company.
Other Notable News
In other news, Micron Technology (MU), FuboTV (FUBO), Disney (DIS), Advanced Micro Devices (AMD), Sodexo (SW.PA), Volvo Car (VOLCAR-B.ST), and Norwegian Air Shuttle (NAS.OL) were all in the spotlight on Tuesday.
Key Takeaways
- Nvidia’s GB10 superchip is set to revolutionize AI processing capabilities
- Project DIGITS, a desktop system powered by GB10, will be available in May
- Cosmos platform enables the creation of advanced physical AI systems
- Microsoft invests $3bn in AI and cloud computing capabilities in India
- Meta Platforms appoints new board members to tackle AI opportunities
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