Nvidia has recently become the world’s most valuable company, generating massive revenue from its GPUs, which it sells at a significant markup due to resource scarcity and market demand. This success raises the common question among businesses: “How will we afford the GPUs we need, and how will we support our workloads?”
Jensen Huang, Nvidia’s CEO and now the 11th richest person globally, faces a challenge: customers who bought their GPUs may not have the data centers or power sources ready to use them. Nvidia is reportedly controlling chip allocation to prevent stockpiling amid limited supplies. This move has not pleased Microsoft, previously the largest business powerhouse, as it disagrees with Nvidia’s control over GPU installation in data centers.
Meanwhile, Dell CEO Michael Dell announced a partnership with Nvidia to build a new AI factory for Elon Musk’s startup, xAI. This initiative is also aimed at helping companies develop their data centers. Additionally, Hewlett Packard Enterprise has partnered with Nvidia to offer turnkey, private-cloud AI solutions.
The increasing costs and pressure to scale AI infrastructure are hot topics. Industry experts are debating whether these financial challenges will limit AI’s growth potential. VentureBeat’s Transform 2024 event in San Francisco will tackle these issues. Industry leaders will discuss the current situation and the rise of alternative technologies that are becoming more popular and effective.
Don’t miss out on insights from key figures like Kirk Bresniker from Hewlett Packard Labs, Dr. Jamie Garcia from IBM, and Paul Roberts from AWS. They will explore the race to scale AI workloads while managing infrastructure costs, and the potential of alternative infrastructure providers to improve AI processing performance, reduce costs, and minimize environmental impact.
VB Transform 2024 will be held in San Francisco from July 9-11. The event focuses on practical AI case studies and applications, with insights directly from industry leaders. Register now to attend!