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Nvidia's new chip and software announcements at GTC 2024 will
help determine whether Nvidia can maintain its leadership
position as the dominant seller of the tools needed to fuel the
past year's frenzy around AI. Nvidia dominates the data center
AI chip market, capturing roughly an 80% share last year.
Nvidia's market share is expected to drop several percentage
points in 2024 as new products from rivals such as Intel and
Advanced Micro Devices hit the market.
Huang is expected to announce the next generation of AI
processors designed by the company. The forthcoming B100 chip is
expected to include significant improvements over its
predecessor, the H100.
Though Nvidia is widely regarded as a chip designer, the company
has built a significant battery of software products as well,
and Huang is expected to unveil a swath of new products related
to software on Monday. Nvidia said earlier this year its
software and services business had reached an annual run rate of
$1 billion by the end of the company's last fiscal year.
The Santa Clara, California, company is holding GTC in person
this year for the first time since 2019. It expects roughly
16,000 people to attend, about double the last in-person event.
Huang's keynote address is set to take place at a Silicon Valley
hockey arena at 1:00 p.m. (2000 GMT), the largest venue the
company has secured for such an event.
(Reporting by Max A. Cherney and Stephen Nellis in San
Francisco; Editing by Tom Hogue)
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