NVIDIA has unveiled a superchip that boosts capacity and speed for use in generative artificial intelligence (AI) and other accelerated computing demands.
The Grace Hopper Superchip is expected to serve as the basis of systems delivered by manufacturers beginning in the second quarter of 2024, NVIDIA said in a Tuesday (Aug. 8) press release.
“To meet surging demand for generative AI, data centers require accelerated computing platforms with specialized needs,” NVIDIA Founder and CEO Jensen Huang said in the release. “The new GH200 Grace Hopper Superchip platform delivers this with exceptional memory technology and bandwidth to improve throughput, the ability to connect GPUs to aggregate performance without compromise, and a server design that can be easily deployed across the entire data center.”
NVIDIA has established an early lead in the market for AI accelerators, which are essential for crunching data in the process of developing AI software, Bloomberg reported Tuesday. The latest processor is determined to make it difficult for competitors to catch up.
The company’s shares have tripled in value this year, boosting NVIDIA to a $1.1 trillion market valuation, according to the report.
The new superchip is the driving force behind a new server computer design that allows for significantly greater amount of information to be processed quickly, the report said. Two of the chips can be paired together for even more power, offering more than 3.5 times the capacity of an existing model.
Commenting on their progress and the idea of faster, more efficient technology, Huang said, per the report: “This is the reason why the world’s data centers are rapidly transitioning to accelerated computing. The more you buy, the more you save.”
The soaring price of the chipmaker’s shares has been buoyed by the demand for chips in AI applications.
NVIDIA Chief Financial Officer Colette Kress said in May during a conference call with analysts that “generative AI is driving exponential growth in compute requirements. … Generative AI drove significant upside in demand for our products, creating opportunities and broad-based global growth across our markets.”
Kress added that AI and accelerated computing are becoming integral to firms in verticals like automotive, financial services, healthcare and telecom.
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