Nvidia has unveiled the H100 chip and a new processor chip called the Grace CPU Superchip.
The chips will be vital in boosting the computing speed of complicated AI algorithms.
Nvidia also announced the company’s new supercomputer “Eos.” The company stated that when it commences operation later in the year, Eos will be regarded as the world’s fastest AI system.
According to Nvidia, the combination of the new technologies will help reduce computing times from weeks to days for some work involving training AI models.
For Nvidia Chief Financial Officer Colette Kress, the introduction of the new chips will help create a $1 trillion market opportunity for the company.
This includes areas such as gaming, chips and systems, and enterprise businesses.
The company will also benefit from its open-source software which is necessary for companies using its chips.
“Already we have been selling software to our enterprises and this is a couple hundred million dollars today and we believe this is a growth opportunity for us,” Kress explained.
For more information, read the original story in Reuters.