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Nvidia (NASDAQ: NVDA), the most popular and one of the fastest-growing major companies in the world in 2024, recently concluded its October AI Summit. The event, held in Washington D.C. from October 7 to October 9, was focused on news and developments regarding the chipmaker’s efforts to advance artificial intelligence technology. Though it acknowledges the already-present success of the new Blackwell chip by revealing eight companies are already working on systems that integrate it, much of the summit was profoundly forward-looking.  Nvidia showcases an ambitious AI future Specifically, the semiconductor giant highlighted its work on improving AI model performance via new hardware, such as the GB200 NVL72 system components, and software, such as NVIDIA Inference Microservices (NIMs). Additionally, Nvidia called attention to the fact that the further advancement of AI would increase the need for efficient networking as it plays a far greater role in inference – the use of what the platform has learned – than in training. Simultaneously, the growing energy demand of data centers that power the technology was also brought up. According to Evercore’s estimates, new power plants designated specifically for this purpose will be needed. It is worth noting that Microsoft (NASDAQ: MSFT) recently secured a deal to repower the Three Mile Island nuclear reactor to supply its artificial intelligence with energy. Finally, Nvidia sought to address some persistent concerns about the actual profitability of the technology by highlighting its possible real-world application. For example, Lockheed Martin (NYSE: LMT) uses AI for advanced target processing.  Still, this may not be the most bullish of examples as a late 2023 report described other AI targeting systems as a ‘mass assassination factory,’ and living humans tend to be better investors, engineers, and inventors than dead ones. The less deadly example provided was Siemens’ (ETR: SIE) use for…

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Filed under: News - @ October 10, 2024 3:18 pm