A leading manufacturer of processors for artificial intelligence, Nvidia (NVDA) has partnered with some of the best known companies in generative AI software. microsoft (MSFT). NVDA and MSFT shares surged on AI-related news this year.
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Nvidia announced Tuesday that it will work with Microsoft to accelerate enterprise-ready generative AI. It is a technology that can create content such as sentences, images, videos, and music from simple explanations. Businesses can use generative AI to improve customer service, market research, and other applications.
The graphics chip maker said it will integrate its Nvidia AI Enterprise software into Microsoft’s Azure Machine Learning product to help companies with their AI initiatives. Azure is Microsoft’s cloud computing platform. Additionally, Microsoft is investing heavily in artificial intelligence, including a partnership with OpenAI.
The Nvidia and Microsoft integration will enable Azure customers to rapidly build, deploy and manage customized applications using over 100 Nvidia AI frameworks and development tools.
NVDA Stock News: The Wave of Generative AI Has Arrived
“With the arrival of a wave of generative AI applications, businesses are looking for secure, accelerated tools and services that drive innovation,” Manubirdas, Nvidia’s vice president of enterprise computing, said in a news release. I’m here.
He added, “Combining Nvidia AI Enterprise software with Azure Machine Learning will enable enterprises to speed up their AI initiatives with a straight and efficient path from development to production.” .
NVDA shares fell 1.2% to 307.98 in the stock market’s afternoon session. Microsoft also fell 1.2% to 317.30.
Nvidia and Microsoft Named to IBD Stock List
Integrating Nvidia technology into Azure Machine Learning will enable enterprises to train and deploy custom large-scale language models for generative AI, said John Montgomery, corporate vice president of AI Platforms at Microsoft, in a written statement. says.
NVDA and MSFT shares are featured on the IBD Tech Leaders list. Additionally, Nvidia has a name on his IBD leaderboard. Additionally, Microsoft is included in his IBD long-term leader portfolio.
Early Tuesday morning, Nvidia and computer makers Dell Technologies (DELL) announced a joint initiative to enable enterprises to build and use generative AI models on-premises. The effort, called “Project Helix,” will also use infrastructure and software from Dell and Nvidia.
Follow Patrick Seitz on Twitter. @IBD_PSeitz For more articles on consumer technology, software and semiconductor stocks, please visit here.
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