The CEO of Nvidia, Jensen Huang, made the following other significant announcements during Tuesday’s GTC conference.
Conversely, Jensen Huang, the CEO of Nvidia, a business with a market valuation of around $3 trillion, referred to himself as the Chief Revenue Destroyer. At the GTC conference, which he called “the Super Bowll of AI,” Huang presented a range of technologies aimed at accelerating the creation of humanoid robots.
On the day that Nvidia CEO Jensen Huang appeared at the GTC conference, the company’s stock, which has lost almost 14 percent so far this year, dropped 3.4%. Nvidia has dropped 25% from its peak.
Speaking on CNBC, Bernstein Research Senior Analyst Stacy Rasgon stated that the company is not currently showing any indications of vulnerability. Huang has provided a plan for the introduction of new products, and the capital expenditure program appears to be effective.
According to Rasgon, the recession might hurt not just Nvidia but all businesses. In reference to competition, Rasgon chuckled and said that over the course of their lifetime use, Nvidia chips will have a substantially cheaper total cost of ownership for its clients.
Rasgon responded to Nvidia by saying, “I don’t think it isn’t showing any signs it is losing; it’s Nvidia’s game to lose.”
NVIDIA’s revenues have been steadily declining over the past few quarters:
These are some additional significant announcements Huang made during Tuesday’s GTC session.
Huang was at the GTC event. The main announcements focused on the integration of robotics and artificial intelligence, which has not yet been seen by the public.
Jensen Huang, the CEO of Nvidia, said in a keynote speech at the company’s annual developer conference in San Jose, California, on Tuesday that “the time has come for robots.” “Everyone needs to pay attention because physical AI and robotics are developing so quickly,” Huang continued.
Huang introduced the first open, fully configurable foundation model for universal humanoid thinking and skills, the NVIDIA Isaac GR00T N1. Furthermore, NVIDIA will pre-train and make available to robotics developers globally the GRT N1, the first of a series of fully customizable models that will speed up the transformation of industries beset by a labor shortage predicted to affect over 50 million workers worldwide.
The founder and CEO of NVIDIA, Jensen Huang, declared that the era of generalist robotics was arrived. “The next frontier in the age of artificial intelligence will be opened by robotics developers worldwide with the NVIDIA Isaac GR00T N1 and new data-generation and robot-learning frameworks.”
In addition to performing multistep tasks that call for extensive context and combinations of broad skills, GR00T N1 can readily generalize across typical tasks including grasping, manipulating objects with one or both arms, and transferring items from one arm to another. These features are applicable to a variety of use cases, including inspection, packing, and material handling.
Huang also talked about the expanding application of AI in AVs, noting that businesses like Tesla and Waymo leverage Nvidia technology. He also declares that the time for AVs has come and announces Nvidia’s collaboration with GM for AI developments.
According to Huang, a major data center will be built in the upcoming years as a result of the growing need for AI and the transition from software created by humans to computing created by AI, which will cause a major platform change.
In order to make the new networking chips three and a half times more energy efficient than their predecessors, Huang said his business will use the co-packaged optical technology in two new chips that are placed in switches on top of its servers.
Huang also disclosed that a major breakthrough, the Blackwell Ultra NVL72, will be accessible in the second half of 2025. The second half of 2026 will see the launch of the Vera Rubin NVL 144, named for the physicist who made the discovery of dark matter.
