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Nvidia targets robotics growth amid rising AI chip competition-report [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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The US company plans to launch its next generation of compact computer for humanoid robots, Jetson Thor, in early 2025. Speaking to FT, Nvidia vice-president of robotics Deepu Talla said: “The ChatGPT moment for physical AI and robotics is around the corner.” Talla added that he believes the robotics market has reached a “tipping point”. Nvidia offers a comprehensive solution, from AI training software to the chips powering robots. Its push into robotics comes as competition intensifies from rival chipmakers such as AMD and cloud giants such as Amazon, Microsoft, and Google. These companies are seeking to reduce their reliance on Nvidia's semiconductor offerings. Despite this, Nvidia's valuation has surpassed $3tn, driven by strong demand for its AI chips. In February, Nvidia joined Microsoft and OpenAI in investing in Figure AI, a humanoid robotics company valued at $2.6bn. Robotics remains an emerging niche, with many start-ups facing challenges in scaling, cost red
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