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Nvidia Corp (NASDAQ:NVDA) has unveiled significant updates to its software suite, aiming to streamline the integration of generative artificial intelligence for various businesses.
The new releases include what Nvidia calls NIMs, or Nvidia inference microservices, designed to handle the logistical challenges of deploying AI technologies such as chatbots and voice recognition.
Nvidia’s founder and CEO, Jensen Huang, introduced these advancements at the Siggraph conference in Denver, Bloomberg reports.
The new software and services are bundled in the Nvidia AI Enterprise product, priced at $4,500 per graphics processor annually, and are optimized for Nvidia hardware.
Nvidia offers software and services that enable users of Apple Inc’s (NASDAQ:AAPL) Vision Pro headset to create virtual environments.
Nvidia announced that it is offering leading robot manufacturers, AI model developers, and software makers a comprehensive suite of services, models, and computing platforms.
These tools aim to aid in the development, training, and construction of the next generation of humanoid robotics.
This workflow allows developers to train robots using minimal human demonstration data.
“The next wave of AI is robotics, and one of the most exciting developments is humanoid robots,” said Jensen Huang. “We’re advancing the entire NVIDIA robotics stack, opening access for worldwide humanoid developers and companies to use the platforms, acceleration libraries, and AI models best suited for their needs.”
In July, UBS analyst Timothy Arcuri raised Nvidia’s price target from $120 to $150, citing strong demand for Nvidia Blackwell products due to the analyst’s supply checks.
In June, Rosenblatt analyst Hans Mosesmann raised Nvidia’s price target from $140 to $200, citing solid earnings potential from the Hopper, Blackwell, and Rubin lineup.
Analysts expect Nvidia to rule the AI race with its +80% market share, while Advanced Micro Devices, Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) trailed behind.
Nvidia stock lost over 9% in the last five days amid escalating geopolitical tensions between the U.S. and China over an advanced semiconductor technology embargo.
The U.S. braces for its upcoming Presidential election with the current President, Joe Biden, withdrawing his candidature while the U.S. Tech giants visited Beijing, which underscores China’s importance for the semiconductor industry.
Price Action: NVDA shares traded lower by 2.05% at $109.45 at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock
