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Nvidia Launches New Lineup to Capitalize on AI Boom

2 mins
Updated by Ali Martinez
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In Brief

  • Nvidia showcased new AI product lineups.
  • CEO gave his insights on AI to students at the National Taiwan University.
  • Nvidia stock has rallied over 160% in 2023.
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Chipmaker Nvidia is preparing for the artificial intelligence (AI) revolution with new product lineups. And CEO Jensen Huang is urging students to capitalize on the technology.

This year, AI has been one of the most favorite topics of discussion. Indeed, the wide use cases provided by technology have grabbed the limelight.

Jumping on the AI Bandwagon

But, according to Bloomberg, now the chipmaker is trying to shift from being just a manufacturer of graphic chips to becoming a pivotal player in the AI revolution.

Huang showcased the new product lineups, which primarily focus on AI, at a presentation in Taiwan. The lineup includes new robotics design, gaming capabilities, advertising services, and networking technologies.

Huang believes that with AI, everyone can become a creator. Using generative AI, he played music that vibes with the early morning mood to elaborate on his point.

Then, he also fed a few lines of lyrics to the technology and asked it to create a bouncy pop tune using just those lyrics.

Last week, the record label Universal Music Group (UMG) partnered with the AI company Endel to create functional music. However, UMG is also battling AI music generated from its copyrighted music.

Last month, it asked streaming platforms like Spotify and Apple Music to remove such AI-generated content from their platform.

Nvidia CEO: Students Take Note

While AI is rising to prominence, various debates exist on whether it would take away jobs. Huang believes that AI would not take away jobs, but someone who is an expert in AI would. 

According to CNBC, Huang said, “Firms and individuals should familiarize themselves with artificial intelligence or risk losing out.” Furthermore, he gave a message to the students at the National Taiwan University:

“In 40 years, we created the PC, Internet, mobile, cloud, and now the AI era. What will you create? Whatever it is, run after it like we did. Run, don’t walk. Either you are running for food, or you are running from becoming food.”

Due to the AI boom, Nvidia might become the first chipmaker to hit a $1 trillion valuation. Last week, it reported a record revenue of $11 billion for the first quarter of 2023. After the earnings report, the stock gained over $200 billion in market valuation.

In 2023, NVIDIA stock has rallied over 160%, from around $148 to $388 on Friday. Its competitor Advanced Micro Devices (AMD), also rallied nearly 100% in 2023.

Nvidia ai venture sees stock price skyrocket
Source: TradingView

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Harsh Notariya
Harsh Notariya is a journalist at BeInCrypto, who writes about various topics, including decentralized physical infrastructure networks (DePIN), tokenization, crypto airdrops, decentralized finance (DeFi), meme coins, and altcoins. Before joining BeInCrypto, he was a community consultant at Totality Corp, specializing in the metaverse and non-fungible tokens (NFTs). Additionally, Harsh was a blockchain content writer and researcher at Financial Funda, where he created educational reports on...
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