Jen-Hsun Huang, CEO of Nvidia Corp., gives a keynote presentation during the GPU Technology Conference in San Jose, California. Kim Kulish/Corbis/Getty ImagesNvidia is preparing to at least triple production of its GPUs driving the AI boom.The chip giant was seeking to ship at least 1.5 million H100 processors next year, The FT reported.Demand for these GPUs has soared given their role in building huge AI models behind applications such as ChatGPT.Nvidia is preparing to triple the production of a $40,000 processor powering the generative AI revolution as the threat of shortages weighs on the ambitions of companies seeking to capitalize on the AI boom, a fresh report says.The Silicon Valley chip giant wants to boost production of its hotly pursued H100 processor, named after computer scientist Grace Hopper, with the aim of shipping between 1.5 million and 2 million units next year, up from the 500,000 target this year, the Financial Times reported.Nvidia soared to a $1 trillion market capitalization in May, with AI companies driving huge demand for its processors also known as GPUs – a fundamental component in the development of large language models underlying buzzy AI tools such as ChatGPT.The importance of processors to the AI boom has led to a global scramble as companies and nation states have raced to secure a strong supply.
Nvidia Plans To Triple Production Of Its $40,000 Chips As It Races To Meet Huge Demand From Ai Companies, Report Says
hchowdhury@insider.com (Hasan Chowdhury), Business Insider
Wed, 08/23/2023 - 4:14am
Topics: jen-hsun huang corp gpu technology conference san jose california kim kulish/corbis/getty imagesnvidia silicon valley grace hopper saudi arabia uae vcs nvidia's ai chinese hong kong reuters china ceo jensen huang business insider huang ceo nvidia gpus ai h100 chatgpt financial times us nvidia's insider meet report triple production huge demand processors year seeking models million preparing supply driving quarter buy markets processor products giant boom soared chip
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