• By Mariko Oi
  • Business reporter

Image source, Getty Images

Image caption,

Nvidia CEO Jensen Huang announced the new AI chip at an event in San Jose, California

Nvidia has unveiled its latest artificial intelligence (AI) chip, which is 30 times faster than its predecessor at some tasks.

The company has an 80% market share and hopes to strengthen its dominance.

In addition to the B200 “Blackwell” chip, CEO Jensen Huang detailed a new set of software tools during his annual developer conference.

Nvidia is the third most valuable company in the US, behind only Microsoft and Apple.

As Mr. Huang kicked off the conference, he jokingly said, “I hope you realize this is not a concert.”

But Bob O’Donnell of Technalysis Research, who was at the event, told the BBC that “the buzz was in the air”.

“I haven’t seen anything like this in the tech industry in a while,” he said.

“Some people even made analogies to the early days of Steve Jobs’ presentations.”

Nvidia said major customers including Amazon, Google, Microsoft and OpenAI are expected to use the company’s new flagship chip in cloud computing services and for their own AI offerings.

It also said the new software tools, called microservices, improve system efficiency, making it easier for a company to integrate an AI model into its work.

Other announcements include a new line of chips for cars that can run chatbots in the vehicle. The company said Chinese electric vehicle makers BYD and Xpeng would both use the new chips.

Mr. Huang also outlined a new series of chips for creating humanoid robots, inviting several robots to join him on stage.

Founded in 1993, Nvidia was originally known for making the type of computer chips that process graphics, especially for computer games.

Long before the AI ​​revolution, the company began adding features to its chips that it said would help machine learning; investments that have helped the company gain market share.

It is now seen as an important company to keep an eye on as quickly AI-powered technology spreads across the business world.

But competition from rivals such as AMD and Intel is increasing.

Mr O’Donnell said the market was growing so quickly that “even if Nvidia loses some market share, they can still grow their overall business because there’s just a lot of opportunity for everyone”.

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