Nvidia unveiled its tiniest yet mightiest artificial intelligence supercomputer, however, this release failed to halt the decline of its share prices during a widespread market downturn on Tuesday.
At the Consumer Electronics Show in Las Vegas on January 6th, Nvidia CEO Jensen Huang stated that we are moving into an age where artificial intelligence is not just a concept but can actually move, make decisions, strategize, and take action.
Huang presented the company’s newest offerings, revealing Project DIGITS – an advanced AI supercomputer tailored for researchers, data scientists, and students. This innovative technology offers them access to a powerful “deep learning GPU-based intelligence training platform.
The advanced technology project known as DIGITS, fueled by the GB10 Grace Blackwell Superchip, is anticipated to hit the market in May, priced approximately at $3,000.
Furthermore, Huang introduced the Cosmos platform from Nvidia, a system that provides AI models for creating advanced robotics with humanoid features and self-driving cars.
He announced that the era of self-driving cars has arrived. He also mentioned that their system creates realistic driving situations in great quantities, significantly improving training data.
“The ChatGPT moment for general robotics is just around the corner,” he added.
Nvidia unveiled AI Blueprints for creating autonomous AI, enabling developers to design and implement personalized agents boasting functionalities such as transforming PDFs into podcasts and video search and summary tools.
Despite the announcements, Nvidia’s shares dropped during the broad market decline on January 7. This was primarily because of the mixed U.S. jobs report, which had a significant effect on both tech and cryptocurrency stocks.
Nvidia Corporation’s (NVDA) stocks ended the day with a 6.2% decrease, closing at $140. However, during after-hours trading, they managed to gain 1%. This information is based on data from Google Finance.
Over the past year, Nvidia’s stocks have soared by an impressive 166%, and even though there was a small dip in the stock recently, analysts remain unfazed.
According to William Stein, an analyst at Truist Securities, the company is working to improve its image not only within data centers, but also in a growing number of locations along the edge – this includes areas like client computing, autonomous vehicles, and robotics, as he explained to Yahoo Finance.
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2025-01-08 08:18