Nvidia Unveils Latest AI Chips

Nvidia unveiled its latest family of chips for powering artificial intelligence, as it seeks to consolidate its position as the major supplier to the AI frenzy.

The event, dubbed the "AI Woodstock" by Wedbush analyst Dan Ives, has become a can't-miss date on big tech's calendar due to Nvidia's singular role in the AI revolution that has taken the world by storm since the introduction of ChatGPT in late 2022.

"We need bigger GPUs. So ladies and gentlemen, I would like to introduce you to a very, very big GPU," said CEO Jensen Huang at a developers conference in California, referring to the graphics processors that are vital in the creation of generative AI.

Nvidia's powerful GPU chips and software are an integral ingredient in the creation of generative AI, with rivals like AMD or Intel still struggling to match the power and efficiency of the company's blockbuster H100 product, launched in 2022.

Apple, Microsoft and Amazon have also developed chips with AI in mind, but for now are stuck trying to get their hands on Nvidia’s coveted products in order to deliver on their own AI promises.

That lynchpin role in the AI revolution has seen Nvidia's share price rise roughly 250 percent over the last 12 months, propelling the company above Amazon when measured by market capitalization, behind only Microsoft and Apple.

Nvidia also announced other AI developments, including a platform for training humanoid robots.

Project Gr00t, which Nvidia said was not named after the "Guardians of the Galaxy" movie character Groot, was described as the "world's first human foundation model."

Gr00t-powered robots will be designed to understand what people say and mimic people's movements, learning from experience how to interact with the world, according to Nvidia.

Nvidia also unveiled the Earth-2 Cloud Platform for predicting climate change, using simulation by AI supercomputers.