Nvidia Corp (NVDA.O) Chief Executive Jensen Huang on Tuesday laid out the company's plans to make the powerful and expensive supercomputers used to develop AI technologies like ChatGPT available for rent to nearly any business.
While that access will not come cheap - at $37,000 a month for eight of Nvidia's flagship A100 or H100 chips strung together - offering it to a wider swath of business customers could accelerate an AI boom that has driven Nvidia shares up 77% this year, making it about five times more valuable than longtime rival Intel Corp
"The iPhone moment of AI has started," Huang said in the virtual keynote address, referring to how Apple Inc (AAPL.O) opened up the market for smartphones.
Huang said Nvidia was also working with Microsoft and Alphabet Inc (GOOGL.O) to offer its supercomputers, used to create new AI products, as a service. Nvidia on Tuesday announced new chips and software designed to make products like chatbots much cheaper to operate on a day-to-day basis after they have been created with supercomputers.
Those products "are years ahead of the competition," said Hans Mosesmann, a semiconductors analyst at Rosenblatt Securities. "Nvidia's leadership on the software side of AI is not only monumental - it is accelerating."