Market Chatter: Nvidia Plans New Inference Processor for AI Queries

MT Newswires Live03-02 16:58

Nvidia (NVDA) intends to introduce a new inference computing system featuring a processor created by startup Groq at a developer conference next month, The Wall Street Journal reported late Friday, citing people familiar with the plans.

The product is specifically designed to accelerate artificial intelligence query responses, and Microsoft-backed (MSFT) OpenAI agreed to become a primary customer for the platform, the report said.

Shares of the chipmaker were down by more than 1% in recent Monday premarket activity.

Nvidia and OpenAI did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment