Nvidia unveils new flagship AI chip
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The news: Nvidia opened its annual developer conference with CEO Jensen Huang unveiling the company's new flagship artificial intelligence chip, the Nvidia GB200 Grace Blackwell Superchip, in his keynote speech.
The numbers: The new chip has 208 billion transistors, more than double the 80 billion on the company's previous chip.
Nvidia also announced its new Blackwell platform that would enable organisations to build and run real-time generative AI on trillion-parameter large language models at up to 25x less cost and energy consumption than its predecessor.
Nvidia, which held around 80% of the data centre AI chip market last year, is expected to concede part of its market share in 2024 with the emergence of rival products from the likes of Intel and Advanced Micro Devices, Reuters reported.
Nvidia's shares have surged 240% over the past 12 months, making Nvidia the US stock market's third most valuable company, behind only Microsoft and Apple. However, the Santa Clara company is under pressure to expand its business to meet soaring expectations from investors.
The context: Nvidia's GTC developer conference, or ‘AI Woodstock’, kicked off on Tuesday morning AEDT in Silicon Valley, with Huang speaking at a hockey arena to accommodate the annual gathering's largest ever crowd.
Nvidia said major customers, such as Amazon, Alphabet, Meta Platforms, Microsoft, OpenAI and Tesla, are expected to use the new Blackwell B200 chip.
The company also announced partnerships with design software companies Ansy, Cadence and and Synopsys. Shares of the three companies climbed around 3% in extended trade following Huang's keynote.
