Chipmaker Nvidia (NVDA) on Tuesday announced a host of initiatives designed to broaden its reach in artificial intelligence and take advantage of what the company calls AI’s “iPhone moment.
Nvidia is one of the top stock performer so far in 2023 which can also be noted in this move. The company’s Chief Executive, Jensen Huang explained the initiative on artificial intelligence.
Huang said, ”We are at the Iphone moment of AI. The impressive capabilities of generative AI have created a sense of urgency for companies to re-imagine their products and business models’‘.
Also Read- World’s Largest Asset Manager BlackRock Is Exploring Tokenization Of Stocks
On the stock market today, Nvidia stock climbed 1.2% to close at 261.99. Year to date, through Tuesday’s close, Nvidia stock is up 79.3%, vs. a 4.3% gain for the S&P 500 index.
At the company’s GTC conference, Nvidia announced new computer hardware and software libraries to enable AI breakthroughs.
Nvidia also said it will offer its DGX AI supercomputer platform as a service through cloud-computing partners. The DGX Cloud service will run first on Oracle Cloud. Microsoft Azure, Google Cloud and others will follow soon, Huang said.
DGX Cloud will give enterprises immediate access to the infrastructure and software needed to train advanced models for generative AI and other applications.