NVIDIA speeds up chip performance

Jensen Huang, NVDA CEO He did not give specific details or any price details, but did says that the company was also offering a new set of software tools, called microservices, aimed at making it easier for businesses to incorporate an AI model into their work. As IGTV’s Jeremy Naylor says, this is a fault line in the application of artificial intelligence, with companies not having the skills to utilise the chips as they should be used in day to day processes. Nvidia is also expanding its collaborations with BYD and other Chinese automakers. BYD, now the world's No. 1 electric vehicle manufacturer, will use Nvidia's next generation of in-vehicle chips, called Drive Thor, to enable increased levels of autonomous driving. While the chip maker saw shares down 1% in extended trade, the stock remains close to its record highs holding most of the 96% gains so far this year alone. NVDA is the US stock market's third-most valuable company, behind only Microsoft and Apple.

(AI Video Summary)

Jensen Huang

During NVIDIA's latest event, the CEO, Jensen Huang, unveiled the B200 chip, which is a major upgrade from its previous version, being a whopping 30 times faster. Even though no details were given about the chip's cost or exact capabilities, Huang did introduce a group of software tools called microservices. These tools are aimed at helping businesses easily integrate AI models into their operations. The problem is that each company has to figure out how to implement AI on their own, which can slow down its adoption across the industry.

BYD

Additionally, NVIDIA is expanding its partnerships with Chinese automakers, such as BYD, the leading electric vehicle manufacturer in the world. BYD will be using NVIDIA's next-generation in-vehicle chips, called Drive Thor, to enable even more advanced autonomous driving capabilities. Despite these exciting developments, NVIDIA's stock didn't experience a significant boost. Instead, it actually dropped by 1.1% in after-hours trading. However, it's important to recognize that the stock has already gone up by an impressive 96.4% this year alone and by a massive 251% in the past year. This makes NVIDIA the third most valuable company in the US stock market, just behind Microsoft and Apple.

NVIDIA

To put it simply, NVIDIA, a company known for its cutting-edge technology, announced a super-fast chip that can be used for artificial intelligence. They also introduced handy tools to help businesses incorporate AI into their operations. On top of that, NVIDIA is teaming up with a top electric vehicle maker to improve self-driving abilities. While their stock didn't go up by much, it has already grown tremendously in the past year, making NVIDIA a highly valuable company in the stock market. So overall, they're making exciting moves in the tech world and experiencing impressive financial success.