Nvidia to build AI supercomputers for US Energy Department, signs $500B deal | Latest Tech News
Nvidia CEO Jensen Huang said on Tuesday that the artificial intelligence chip chief will build seven new supercomputers for the Energy Department, and said the company has $500 billion in bookings for its AI chips.
The first company to be price more than $4 trillion, Nvidia is at the core of the global rollout of AI. It is putting offers around the world while also navigating a US-China commerce warfare that might decide which nation’s technology is most used around the world.
Investors are trying for readability on what chips the tech company will probably be in a position to promote to the huge Chinese market, but Huang kicked off a keynote deal with at the company’s GTC event in the US capital by praising coverage by President Trump while saying new merchandise and offers.
Nvidia CEO Huang kicked off a keynote deal with at the company’s GTC event in the US capital by praising coverage by President Trump while saying new merchandise and offers. AP
These included community technology that will let Nvidia AI chips work with quantum computer systems.
The supercomputers Nvidia is building for the Energy Department will in half help the United States keep and develop its nuclear weapons arsenal.
The supercomputers will also be used to research different vitality sources such as nuclear fusion.
The largest of the supercomputers for the Department of Energy will probably be constructed with Oracle and comprise 100,000 of Nvidia’s Blackwell chips.
“Putting the weight of the nation behind pro-energy growth completely changed the game,” Huang said. “If this didn’t happen, we could have been in a bad situation, and I want to thank President Trump for that.”
Nvidia shares closed up 5% at $201.03 on Tuesday.
The supercomputers Nvidia is building for the Energy Department will in half help the United States keep and develop its nuclear weapons arsenal. AFP via Getty Images
Nvidia also announced new particulars with Finnish telecom gear maker Nokia to goal the AI communications market.
Nvidia will invest $1 billion for a 2.9% stake in Nokia and it also launched a new product line called Arc, designed to work with telecommunications gear.
Huang said Nvidia will work with Nokia to improve the ability effectivity of the company’s base stations for 6G, the next era of wi-fi data technology.
“We’re going to take this new technology and we’ll be able to upgrade millions of base stations around the world,” Huang said.
Altogether the company has $500 billion in bookings for its Blackwell and Rubin chips over the next 5 quarters, the CEO said.
Nvidia also announced a partnership with Palantir Technologies, a company that works carefully with the US authorities. However, the main focus of Nvidia’s partnership was on Palantir’s business business, where Nvidia will help it velocity up fixing logistics issues for firms such as home enchancment retailer Lowe’s. Such company work was a longtime stronghold of Intel.
Altogether the company has $500 billion in bookings for its Blackwell and Rubin chips over the next 5 quarters, the CEO said. AFP via Getty Images
Nvidia announced a new self-driving car technology platform called Hyperion. Huang said that Nvidia is partnering with Uber to create a community of Robotaxis. “This is going to be a new computing platform for us, and I’m expecting it to be quite successful,” Huang said.
“These announcements all show Nvidia’s ability to extend its reach beyond its core data center customers,” said Gil Luria, analyst at D.A. Davidson. “While these projects pale in comparison to the capex by the hyperscalers such as Microsoft, Amazon, Google and Meta, they could create new markets for Nvidia down the line.”
Huang took the stage in a packed convention corridor as Trump continued his tour of Asia this week forward of his anticipated assembly with Chinese President Xi Jinping on Thursday.
President Trump is anticipated to meet with Chinese President Xi Jinping on Thursday. AP
The move of superior technology between the 2 nations is probably going to be at the middle of commerce discussions, with access to Nvidia’s chips a key issue.
Nvidia’s annual GTC event is being held for the first time in Washington, DC, a signal that the company is pursuing work with the federal government and contractors clustered around the capital.
At its last GTC in California in March, Nvidia laid out its chip highway map for the next 12 months.
The US authorities is targeted on AI and increasing its computing energy. On Monday, Nvidia competitor Advanced Micro Devices unveiled a $1 billion partnership with the Department of Energy to assemble two supercomputers that will deal with large scientific issues ranging from nuclear energy to cancer remedies to national security.
Former President Joe Biden clamped down on gross sales of Nvidia’s most superior chips to China, but Trump has wavered in his coverage in his second time period, at first limiting exports of Nvidia’s AI chips designed for the China market before reversing course in July.
Nvidia’s annual GTC event was held for the first time in Washington, DC, a signal that the company is pursuing work with the federal government and contractors clustered around the capital. AFP via Getty Images
Huang has argued that Nvidia wants access to some $50 billion in potential gross sales from the Chinese market to fund US-based research and development to keep his company’s edge.
GWN has beforehand reported that Chinese builders still need Nvidia’s chips, despite stress from Beijing to buy home chips from Huawei Technologies Co.
Nvidia outlined how it’s making chips in Arizona at TSMC’s amenities, and assembling servers in Texas and networking gear in California. “We are manufacturing in America again — it is incredible. The first thing that President Trump asked me is, ‘bring manufacturing back,’” Huang said.
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