Nvidia to Overhaul AI Computing with Ambitious New Hardware

Nvidia’s GTC 2024 conference has kicked off with a promise from CEO Jensen Huang that the company will be revolutionizing its artificial intelligence computing capabilities, effectively shifting the focus away from its traditional GPU business and towards more high-performance neural networks. The new architecture is expected to enable significant advancements in fields such as autonomous vehicles, medical imaging, and natural language processing. Huang emphasized the potential for AI-driven innovation across multiple industries, particularly in areas where data-driven insights are crucial for making informed decisions. Nvidia’s goal is to make its hardware more accessible to developers working with large-scale neural networks, allowing them to focus on developing complex algorithms rather than being bogged down by technical limitations. Meanwhile, rival Tesla Inc has announced that it will be scaling back plans for a virtual reality metaverse project, citing increased development costs and shifting market demand. The move comes as the company focuses on its core business of electric vehicles and autonomous driving technology. In related news, Meta Platforms Inc, the parent company of Facebook, Instagram, and WhatsApp, has announced that it is temporarily shutting down its virtual reality metaverse project, Horizon Worlds, due to a decline in user engagement.