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Nvidia Corp (NASDAQ:NVDA) focused on driving Japan's AI capabilities despite reports of losing out on Chinese LLM developers as its specialized AI chip falls short of expectations.
The AI kingpin looks to boost Japan's AI capabilities by building an AI tech ecosystem and partnering with local research organizations, companies, and startups, Bloomberg reports.
Nvidia's CEO, Jensen Huang, announced plans to establish an AI research lab in Japan, invest in startups, and promote AI education.
Also Read: Is Intel's Reign In Jeopardy? ARM-Based Challengers Threaten Chip Giant's Legacy
Nvidia's graphics chips, crucial for AI training, have seen a surge in demand globally. Huang met with Japan's Prime Minister Fumio Kishida, pledging priority support for Japan.
Nvidia aims to create AI factories in Japan to process societal data and develop intelligence for various industries. Huang emphasized Japan's capacity to build its AI infrastructure, citing its extensive experience in mechatronics, manufacturing, and robotics.
Japanese companies like SoftBank Corp (OTC: SFTBF) (OTC: SFTBY), NEC Corp, and Nippon Telegraph & Telephone Corp, among others, are already working with Nvidia's chips to develop Japan-specific AI infrastructure.
Nvidia has witnessed remarkable growth in the AI market, with its sales and market value soaring due to high demand for its chips following the ChatGPT chatbot's launch.
However, competitors like Intel Corp (NASDAQ: INTC) and Advanced Micro Devices, Inc (NASDAQ: AMD) feel pressure as their data-center sales have declined, partly due to tech companies prioritizing Nvidia's specialized chip platforms, the Wall Street Journal reports.
With their business heavily reliant on the PC market, Intel and AMD urgently focus on data center growth.
AMD, which has successfully captured market share from Intel in CPU sales, is launching a new AI accelerator chip line called MI300 to regain ground. AMD's CEO, Lisa Su, anticipates $2 billion in revenue from these new chips in 2024.
At an upcoming event, Intel will showcase new AI chips, focusing on generative AI capabilities for PCs and smartphones. Analysts are optimistic about Intel's recovery in the PC and data center segments.
Price Action: NVDA shares traded higher by 1.32% at $461.06 on the last check Tuesday.
