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NVIDIA Strengthens Portfolio to Offer More AI Products and Services

Chipmaker NVIDIA has unveiled a range of Artificial Intelligence (AI) products as it strives to stay ahead of the game and join the trillion-dollar valuation club alongside Apple, Microsoft, and Amazon. The announcement closely follows a market rally that saw NVIDIA’s stock surge by over 25 percent last week.

While NVIDIA was once primarily known for manufacturing chips for gaming enthusiasts, it now occupies a central position in the AI frenzy that has captivated the world. The company’s graphic processing units (GPUs) have become an essential component of AI tools, with its A100 and H100 chips gaining widespread recognition, particularly through the popularity of tools like ChatGPT.

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Notably, NVIDIA recently revealed its sales forecast for the upcoming quarter, projecting a figure of $11 billion. This estimate surpassed Wall Street’s expectations by more than 50 percent, leading to a significant surge in the company’s stock value and bringing its market cap tantalizingly close to $1 trillion.

NVIDIA’s new lineup

Nvidia CEO Jensen Huang unveiled a new line-up of AI products and services, which also included a supercomputer platform called DGX GH200. The platform is expected to help companies create products as powerful as ChatGPT, which require high amounts of computing power.

It has previously reported how companies like Microsoft stitched together chips to generate a computing system that could cater to the needs of OpenAI, the creator of ChatGPT.

It now appears that Nvidia will itself provide a platform that companies like Microsoft, Meta, or Google can use. This is also an attempt to keep users hooked on Nvidia’s chips, even as alternates are being developed in the market.

Additionally, the company will also build its own supercomputers that customers can directly use. These will be located in Taiwan, The Straits Times reported.

Nvidia is also keen to address the issue of the slow speed of data movement inside data centers and will deploy its new networking system, dubbed Spectrum X, at a data center in Israel to demonstrate its effectiveness.

Nvidia has also partnered with advertising firm WPP to leverage the power of AI in advertising. WPP will deploy Nvidia’s Omniverse to create “virtual twins” of products, which can then be manipulated to create custom ads for customers while reducing costs.

Nvidia also plans to up its offering from just chips for its hardcore base of users, gamers. The company will now deploy its ACE services which will improve the gaming experience by addressing problems of non-player characters or NPCs.

The ACE service will use information from the game’s main characters and use AI to create more natural responses than scripted and repetitive responses, the company said. The service is currently under testing to ensure that the responses are not offensive or inappropriate.