By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > Stocks > Nvidia to build Israeli supercomputer as AI demand soars
Stocks

Nvidia to build Israeli supercomputer as AI demand soars

News Room
Last updated: 2023/05/30 at 4:55 PM
By News Room
Share
3 Min Read
SHARE

© Reuters. FILE PHOTO: The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT/File Photo

By Steven Scheer

JERUSALEM (Reuters) – Nvidia (NASDAQ:) Corp said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications.

Nvidia, the world’s most valuable listed chip company, said the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end of 2023.

Gilad Shainer, a senior vice president at Nvidia, said Nvidia worked with 800 startups in Israel and tens of thousands of software engineers.

The system, called Israel-1, is expected to deliver performance of up to eight exaflops of AI computing to make it one of the world’s fastest AI supercomputers. One exaflop has the ability to perform 1 quintillion – or 1,000,000,000,000,000,000 – calculations per second.

Shainer said AI was the “most important technology in our lifetime” and that to develop AI and generative AI applications large graphics processing units (GPUs) were needed.

“Generative AI is going everywhere nowadays. You need to be able to run training on large datasets,” he told Reuters, noting companies in Israel will have access to a supercomputer they don’t have today.

“This system is a large scale system that actually will enable them to do training much quicker, to build frameworks and build solutions that can tackle more complex problems.”

OpenAI’s ChatGPT, for example, was created with thousands of Nvidia GPUs.

The system was developed by the former Mellanox (NASDAQ:) team. Nvidia bought Israeli chip designer Mellanox Technologies in 2019 for nearly $7 billion, outbidding Intel Corp (NASDAQ:).

Shainer said Nvidia’s first priority for the supercomputer was its Israeli partners. “We may use this system to work with partners outside of Israel down the road,” he said.

Last week, Nvidia said it had worked with Britain’s University of Bristol to build a new supercomputer using a new Nvidia chip that would compete with Intel and Advanced Micro Devices (NASDAQ:) Inc.

Read the full article here

News Room May 30, 2023 May 30, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
What’s the difference between all of the AI chips?

Watch full video on YouTube

Why the ‘rodeo region’ is seeing a data center boom; stocks, bitcoin sell off

Watch full video on YouTube

Google’s ‘TPU’ chip puts OpenAI on alert and shakes Nvidia investors

Google’s secret weapon in the artificial intelligence race is a chip that…

CoreWeave: A Transitory Company (NASDAQ:CRWV)

This article was written byFollowAs a detail-oriented investor with a strong foundation…

The power crunch threatening America’s AI ambitions

Many utility companies are pinning their short-term hopes on “demand response” solutions…

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

CPS reports solid 2023 performance, eyes future growth By Investing.com

By News Room
Stocks

Niu Technologies faces mixed results in Q4 2023 By Investing.com

By News Room
Stocks

Exagen Inc. reports strong 2023 revenue growth By Investing.com

By News Room
Stocks

Legacy Housing reports mixed results amid sales decline By Investing.com

By News Room
Stocks

Harmony Biosciences exec sells over $383k in stock By Investing.com

By News Room
Stocks

Biofrontera posts record revenue and outlines growth plans By Investing.com

By News Room
Stocks

Granite Ridge CFO buys $31,000 in company stock By Investing.com

By News Room
Stocks

Coliseum Capital Management buys MasterCraft Boat shares worth over $3.2m By Investing.com

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?