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Nvidia AI developer conference begins off with new processors in spotlight

A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this image shot March 6, 2023

SAN JOSE, March 18 (mod1s) - Artificial intelligence semiconductor behemoth Nvidia (NVDA.O), opens new tab kicks off its annual developer conference on Monday, with investors focusing on fresh chip announcements from Chief Executive Jensen Huang in an afternoon keynote presentation. 

Nvidia's new hardware and software releases at GTC 2024 will help decide if Nvidia can keep its leading position as the primary vendor of the tools required to drive the previous year's fervor surrounding AI. Nvidia leads the data center AI chip market, garnering about an 80% share last year.

Nvidia's market share is likely to shrink several percentage points in 2024 when new devices from competitors such as Intel (INTC.O), opens new tab and Advanced Micro Devices (AMD.O), opens new tab enter the market. 

Huang is likely to introduce the next generation of AI chips created by the business. The new B100 microprocessor is projected to contain considerable enhancements over its predecessor, the H100. 

Though Nvidia is primarily recognized as a hardware manufacturer, the business has created a considerable battery of software products as well, and Huang is likely to introduce a swath of new items linked to software on Monday. Nvidia announced earlier this year its software and services division had achieved an annual run rate of $1 billion by the conclusion of the company's previous fiscal year.

The Santa Clara, California, firm is conducting GTC in person this year for the first time since 2019. It anticipates around 16,000 people to attend, almost twice the previous in-person event. 

Huang's keynote talk is planned to take place in a Silicon Valley hockey arena at 1:00 p.m. (2000 GMT), the biggest venue the firm has booked for such an event.


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