Nvidia Corp (NASDAQ-NVDA) reveals improved generative AI to be delivered in new chips. In Denver, CEO Jensen Huang described the company’s role in developing AI, as well as chips and hardware in the world. For example, the company is currently making AI services and models available to help robot makers accelerate the development of humanoid robots to help researchers teach robots how to perform certain tasks using devices such as Apple’s Vision Pro virtual glasses. The company also revealed that Jensen Huang and Mark Zuckerberg will be discussing at SIGGRAPH 2024, a computer graphics conference currently underway in Denver, regarding future greater collaboration between Nvidia and Facebook in the areas of graphics and virtual environments.
Coca-Cola and marketing giant WPP are among the first users of Nvidia-powered AI generative art tools. Nvidia is also working with visual media and image delivery company Getty Images and editing company Shutterstock to ensure that AI-generated images more accurately match text prompts. The enhancements also include improvements that will aid in real-time and real-world advertising campaigns. Among others, companies like Coca-Cola and marketing giant WPP are among the early users of AI-powered generative art tools powered by Nvidia. Huang also said , “All our software engineers have AI to help them debug the software. We have AI that helps our chip designers design chips.”
According to experienced Bernstein analyst, Stacy Rasgon, investors who are currently investing their funds in the stock just (NASDAQ-NVDA) are particularly concerned about the sustainability of long-term growth, thanks to the strong share price growth. Among other things, Nvidia has far outpaced most of the market in terms of share price gains, rising over 240% in 12 months. Nvidia Corp (NASDAQ-NVDA) also pays regular quarterly dividends to its shareholders. The dividend yield is currently 0.04% per annum and the actual dividend amount has been approved by the company’s general meeting of shareholders at $0.04 per share. The average target price for the short to medium term investment horizon has been set at $142.74 per share.
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