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Nvidia Reveals Blackwell GPU, Highlights Partnerships With Top Companies At GTC: 'The Whole Industry Is Gearing Up'

Author: Chris Katje | March 18, 2024 07:11pm

Technology giant NVIDIA Corporation (NASDAQ:NVDA) highlighted several new products and partnerships Monday during its GTC artificial intelligence event.

Here's a look at some of the highlights.

Blackwell Revealed: The highly anticipated next GPU from Nvidia was unveiled Monday with Blackwell shown off onstage by company CEO Jensen Huang.

"Blackwell is not a chip, it's the name of a platform," Huang said.

Huang highlighted the capabilities of Blackwell and how the new product will help power generative AI.

"This is a miracle."

Huang also highlighted that Amazon.com Inc (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL), Microsoft Corp (NASDAQ:MSFT) and Oracle Corp (NYSE:ORCL) as companies gearing up for Blackwell and as partners of the company.

"The whole industry is gearing up for Blackwell," Huang said.

Related Link: Nvidia Q4 Earnings Highlights: Revenue Beat, EPS Beat, Q1 Guidance And More

Better Weather Predictions: Huang highlighted Nvidia working with The Weather Company to provide better weather predictions.

The company's Earth2 will help better predict extreme weather using artificial intelligence.

A video showed Nvidia's CorrDiff showing 2km resolution, compared to current AI forecasts that can predict storms with 25km resolution.

Nvidia will have 1000x the speed of traditional weather forecasts and can better provide predictions on the outcomes of storms. The result could be minimalizing casualties and damages, Huang said.

Enterprise Partnerships: Huang said that many companies in the enterprise software field are sitting on a lot of data and a potential goldmine of information. With Nvidia, the companies can build their own copilots.

Huang names SAP SE (NYSE:SAP), ServiceNow Inc (NYSE:NOW), Cohesity, Snowflake Inc (NYSE:SNOW), NetApp Inc (NASDAQ:NTAP) and Dell Technologies Inc (NYSE:DELL) as companies partnered with Nvidia on building copilots.

Robotics: Huang said the next wave of robotics could soon have its ChatGPT moment as capabilities and use cases become more understandable and easily adaptable.

The Nvidia CEO highlighted humanoid robotics as the next evolution and an item that could be more useful in the future.

"We have the necessary technology," Huang said.

A video played highlighting Project Groot, which will be a humanoid robot for learning.

Other Highlights: Huang announced that Nvidia's Omniverse Cloud will stream on the Vision Pro reality headset from Apple Inc (NASDAQ:AAPL).

The Nvidia CEO said this will help portal a person into the omniverse and have workflow capabilities.

Huang also highlighted increased work with the automotive sector on self-driving cars. Nvidia will begin shipping items to several automotive companies next year covering items such as computer vision and AI.

"We're building the entire stack," Huang said.

Huang named BYD Company ADR (OTC:BYDDY) as one of the companies adopting Nvidia's next-generation automotive platform.

Nvidia is also working to grow in the health care sector by providing AI capabilities to help with items such as imaging and robotics, genomics, bioinformatics and drug discovery.

NVDA Price Action: Nvidia shares trade at $884.55 at market close Monday versus a 52-week trading range of $251.30 to $974.  

Read Next: Nvidia Is Still ‘Stepping On The AI Accelerator’: 7 Analysts Size Up Q4 Results, Supply And Demand Dynamics

Photo: Shutterstock

Posted In: AAPL AMZN BYDDY DELL GOOG GOOGL MSFT NOW NTAP NVDA ORCL SAP SNOW

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