Nvidia Chief Executive Officer Jensen Huang is set to unveil the firm’s latest line of chips to a packed stadium in San Jose, California at an event that is being called “AI Woodstock.”
This next generation of AI-capable chips will be the heirs of–and are predicted to be four times faster than–the H100, a highly successful model that has been in short supply due to high demand since 2022.
The new chips will be called B200s and will be released in September. They are expected to cost up to $50,000, more than double their previous iteration. With its new chip architecture, called Blackwell, developers will be able to develop more advanced AI tools.
Nvidia, once a graphics card company mostly known to computer gamers, has now captured the world’s attention as the forefront of the AI hardware industry. The SAP Center, home to the NHL’s San Jose Sharks, accommodates 11,000 audience members—larger than Apple’s keynote address on its new iPhones and iPads.
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Other speakers at the conference included representatives from Elon Musk’s xAI, as well as Google, Meta Platforms, and Microsoft. Representatives of computers that use Nvidia chips, such as Shell and Verizon, are being sent to attend the conference.
Meanwhile, Rep. Ted Lieu (D-CA) is scheduled to speak about artificial intelligence regulation legislation. Regulating AI is a priority of the Biden White House and a pet project of former President Barack Obama.
This is the first in-person “GPU Technology Conference,” the name for Nvidia’s annual meeting, since the pandemic. GPUs, or Graphics Processing Units, are graphics cards composed of many millions of circuits, crucial for processing the information demands of modern AI bots.
As Valuetainment previously reported, Nvidia saw sales of $22.1 billion in its final fiscal quarter for 2023, tripple what it was in its first quarter. Nvidia is currently the third-largest company listed in the US, trailing Apple and Microsoft.
Watch the Biz Doc discuss Juang’s rise to prominence and Nvidia’s stellar quarterly sales report below:
Shane Devine is a writer covering politics, economics, and culture for Valuetainment. Follow Shane on X (Twitter).
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