New artificial intelligence chips and technologies will be unveiled by NVIDIA’s Chief Executive Jensen Huang at the company’s annual conference for software developers on Tuesday. The Santa Clara-based company is expected to provide additional information on its plans to expand processing power, similar to the one used in the development of fast-rising technologies like ChatGPT.
Last month, Huang disclosed to investors that it would launch its own cloud computing service to facilitate access to large systems built with its chips.
The field of generative AI, which can answer questions with human-like text or generate new images based on a text prompt, is now dominated by NVIDIA’s chips. The implementation of these new technologies necessitates the simultaneous use of thousands of NVIDIA chips to train AI systems on vast troves of data. Microsoft constructed a system with over 10,000 NVIDIA chips for OpenAI to develop the technologies that support its ChatGPT platform.
NVIDIA has a market share of more than 80 percent for chips used in training AI systems, despite facing competition from Advanced Micro Devices and several startup companies. The surge in AI has led to a 77 percent increase in NVIDIA shares this year. NVIDIA’s value has increased to approximately five times that of its longtime rival, Intel.