TLDR:
– Nvidia stock jumped 11% after SIGGRAPH unveil
– Nvidia CEO announced advancements in robotics and AI at the event
Full Article:
Nvidia’s stock saw a significant increase of 11% after the company made a series of announcements at the Special Interest Group on Computer Graphics and Interactive Techniques (SIGGRAPH) event. CEO Jensen Huang revealed that the next wave of artificial intelligence is robotics, with a focus on humanoid robots. The company introduced a suite of robotics development tools, including a visual agent training ground, an AI model workflow management system, and a teleoperation development system.
One of the highlights from the event was the unveiling of the NIM Microservices, a visual training ground that allows AI models to interpret 3D surroundings. Additionally, the cloud-based orchestrator system called OSMO simplifies the scheduling and distribution of training and simulation resources. The teleoperation training system demonstrated at SIGGRAPH showcased a human controlling a robot remotely through 1:1 movement control, which was captured as data to train the robot for real-world operations.
Despite a recent dip in market value, Nvidia’s market capitalization surged by 11% after the SIGGRAPH event. The company is now approaching Microsoft in terms of market value and could potentially challenge Apple for the top spot as the most valuable company. This increase in market cap is attributed to the promising advancements in robotics and AI showcased at the event.