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Nvidia announces its most powerful AI chip as it seeks to become a platform company like Microsoft and Apple

Nvidia on Monday announced a new generation of artificial intelligence chips and software for running AI models.

The announcement, made during Nvidia's developer's conference in San Jose, comes as the chipmaker seeks to solidify its position as the go-to supplier for AI companies. The company also introduced revenue-generating software called NIM that will make it easier to deploy AI, giving customers another reason to stick with Nvidia chips over a rising field of competitors. The chip includes what Nvidia calls a "transformer engine specifically built to run transformers-based AI, one of the core technologies underpinning ChatGPT.

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