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Nvidia reveals off work with AT&T, quantum computing companies at AI convention

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A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023.
A smartphone with a displayed NVIDIA brand is positioned on a pc motherboard on this illustration taken March 6, 2023.

Provides particulars from keynote

By Stephen Nellis

Nvidia Corp NVDA.O Chief Govt Jensen Huang on Tuesday mentioned it’s working with AT&T Inc T.N to make dispatching vehicles extra environment friendly and with quantum computing researchers to hurry software program growth.

Huang made the remarks at GTC, the corporate’s annual convention for software program builders. Analysts are awaiting the Santa Clara, California-based firm to offer extra particulars about the way it plans to widen accessibility to processing energy like that used to develop fast-rising applied sciences such because the chatbot ChatGPT.

Final month, Huang informed buyers it could launch its personal cloud computing service to supply extra available entry to massive programs constructed with its chips.

At Tuesday’s convention, he’ll talk about “what’s coming subsequent” in AI, the corporate said on its web site.

Nvidia has come to dominate the sector for promoting chips used to growing generative AI applied sciences, which might reply questions with human-like textual content or generate contemporary pictures primarily based on a textual content immediate.

These new applied sciences depend on using 1000’s of Nvidia chips without delay to coach the AI programs on large troves of knowledge. Microsoft Corp MSFT.O, for instance, constructed a system with greater than 10,000 Nvidia chips for startup firm OpenAI to make use of in growing the applied sciences that underpin its wildly standard ChatGPT.

Whereas Nvidia faces competitors within the AI chip market from Superior Micro Units AMD.O and a number of other startup firms, the corporate has greater than 80% of the marketplace for chips utilized in coaching AI programs.

The growth in AI has helped drive Nvidia shares up 77% this 12 months, in contrast with an increase of 11.5% within the Nasdaq Composite Index. With a market capitalization of $640 billion, Nvidia has grown to grow to be about 5 instances extra precious than longtime rival Intel Corp INTC.O.


Reporting by Stephen Nellis in San Francisco; Enhancing by Bradley Perrett

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