Technology powerhouse NVIDIA Corporation NVDA commenced its highly anticipated GTC 2024 event, delving into the transformative aspects and advancements within artificial intelligence.
Unveiling his thoughts on AI during a keynote speech on Monday, Nvidia CEO Jensen Huang outlined the significance of mathematics, science, algorithms, and computers, playfully distinguishing the event as “not a concert.”
Addressing the diverse audience at GTC, Huang expressed his pride in seeing numerous non-IT industries participating, collectively representing around $100 trillion of global industry prospects.
Enthusiastically promoting the event, Huang underscored the essential role of computers today, permeating across all industries. Nvidia, foreseeing technological advances, noted the transformative potential of generative AI, symbolizing the birth of a nascent industry – characterized by concepts previously unimaginable.
Intriguingly, Huang depicted a landscape where market share was newly carved out, birthing entities such as AI factories in a sector he termed as an emergent industry.
He shared a compelling video illustrating real-world applications of AI and Nvidia products, showcasing the profound impact on business growth.
Emphasizing the pivotal shift from general-purpose to accelerated computing, Huang expressed his zealous belief in the future prospects of accelerated computing over a tired general-purpose paradigm.
Collaborating with industry stalwarts like Ansys ANSS, Synopsys SNPS, and Cadence Design System
CDNS, Nvidia aims to propel the world towards accelerated computing by constructing a pioneering supercomputer infrastructure.
Amidst this, Huang introduced Blackwell, a revolutionary platform poised to spearhead the forthcoming industrial revolution, promising to magnify the scope of generative AI.
Steering away from conventional chip nomenclature, Huang defined Blackwell as a platform, heralding it as a miraculous invention set to empower generative AI capabilities.
Nvidia’s AI computing prowess has witnessed a remarkable 1,000-fold increase over eight years, setting the stage for impressive future advancements. Huang showcased the NVLink Switch Chip, designed to usher AI into uncharted territories.
Reflecting on market performance, Nvidia shares concluded the day 0.7% higher at $884.55, reflecting a trading range of $233.60 to $974.00 over the past year.
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