Nvidia Corp (NASDAQ:NVDA) jumps over 3.46% in pre trading session on Tuesday as on Monday, the company said that it was developing Israel’s most powerful artificial intelligence (AI) supercomputer to fulfill rising client demand for AI applications.
The cloud-based system, according to Nvidia, the world’s most valuable publicly traded chip manufacturer, will cost hundreds of millions of dollars and will be partially operational by the end of 2023.
Nvidia senior vice president Gilad Shainer stated that the company collaborated with 800 Israeli companies and tens of thousands of software professionals.
The machine, known as Israel-1, is intended to produce up to eight exaflops of AI computing speed, making it one of the world’s fastest AI supercomputers. One exaflop can do one quintillion computations per second.
Shainer stated that AI was the “most important technology in our lifetime” and that big graphics processing units (GPUs) were required to create AI and generative AI applications.
“Generative AI is omnipresent these days.” You need to be able to run training on large datasets,” he told Reuters, stressing those Israeli firms will have access to a supercomputer that they do not currently have.
“This is a large-scale system that will allow them to do training much faster, build frameworks, and build solutions that can deal with more complex problems.”
For example, OpenAI’s ChatGPT was built using thousands of Nvidia GPUs.
The old Mellanox team created the system. Nvidia paid roughly $7 billion for Israeli chip creator Mellanox Technologies in 2019, outbidding Intel Corp.
Nvidia’s main goal for the supercomputer, according to Shainer, was its Israeli partners. “We may use this system in the future to collaborate with partners outside of Israel,” he added.
Nvidia said last week that it has collaborated with the University of Bristol in the United Kingdom to develop a new supercomputer utilizing a new Nvidia processor that would compete with Intel and Advanced Micro Devices Inc.
During a trip to Taiwan, Jensen Huang, CEO of chip prodigy Nvidia Corp. (NVDA), is enjoying the type of treatment normally reserved for celebrities and sports stars.
The 60-year-old was besieged by fans and reporters as he entered the halls of the Computex trade exhibition and was followed through a local night market while he bought lunch. On Tuesday, scores of people swarmed around him to take photos, while photographers struggled to get decent images.
Huang made his fifth public appearance in seven days on Tuesday, this time for a roundtable discussion in which he addressed concerns ranging from artificial-intelligence regulation to how the technology might be employed in nations such as China. Huang said that AI will spread beyond the computer industry, into everything from farming and manufacturing to drugs and climate impact.
“AI is an incredible computer that’s very easy to program,” he says. “You can speak any language you want, even draw pictures; I’ve just turned everyone into a programmer.”
Nvidia has had a wild week. It all started on Wednesday, when Huang anticipated revenue for the current quarter that was more than 50% higher than analyst forecasts, indicating exploding demand for the chips that enable artificial intelligence products like ChatGPT.
Nvidia’s market value jumped $184 billion in a single day, igniting a global AI boom. The company’s worth is approaching $1 trillion, a market that no chipmaker has ever reached.
Huang’s fortune increased by more than $6 billion to a new high of $34 billion. He co-founded the firm in 1993 and currently serves as its CEO.
But it was evident after the roundtable on Tuesday that Huang was enjoying his time in the limelight. Following another round of goodbyes, he left for another press conference to discuss Nvidia’s products.
