Artificial intelligence has become the disruptive technological force of the year.
Non-tech companies are rushing to embrace emerging generative AI as a means to cut costs and enhance productivity, tech companies are competing to be the first to present the next greatest innovation and the government is just beginning to think about regulation.
Speaking to CNBC May 17, Nvidia (NVDA) CEO and founder Jensen Huang touted the contextual impact of AI innovations.
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"We have reinvented computing for the first time since the IBM System 360, 60 years ago," Huang said. "There's a trillion dollars worth of data center infrastructure installed in the world based on that old method of doing computation. Now we have accelerated computing, and we have the killer app for generative computing: generative AI."
The IBM System 360, which was announced in 1964, launched a period of unprecedented technological innovation; it pioneered computational innovations that are still in use today.
The accelerated computing that Huang mentioned got its start in super computers and now powers everything from the cloud to your smartphone.
Nvidia announced a new partnership with ServiceNow, the business IT specialists, May 17. The partnership will provide Nvidia's software and accelerated computing infrastructure to enable ServiceNow to begin constructing custom Large Language Model generative AI systems.
Nvidia's stock jumped up around 7% in the wake of the announcement to $309 per share.
"This partnership is a fantastic growth opportunity for both of us," Huang told CNBC. "This partnership gets the two of us the engine for transforming all of that data into generative AI models. We're going to create together hundreds of models, solving thousands of problems."
