Technology company NVIDIA Corp (NASDAQ:NVDA) is one of many that will highlight upcoming product launches at the annual CES 2024 event in Las Vegas this week.
Here’s a look at the highlights from Monday.
What Happened: Nvidia was one of the best-performing stocks of 2023, hitting a market capitalization of $1 trillion for the first time and posting a stock gain of more than 200%.
The company unveiled new products and partnerships at the annual Consumer Electronics Show, now known as CES, on Monday.
“Today, NVIDIA is at the center of the latest technology transformation: generative AI,” GeForce at NVIDIA Senior Vice President Jeff Fisher said Monday.
Here’s a look at some of Monday’s announcements:
NVIDIA Ace: Nvidia highlighted its Avatar Cloud Engine (ACE) which can provide generative AI models for digital avatars. ACE AI models can run in the cloud or locally in the PC. Among the developers using ACE are video game companies NetEase, Tencent and Ubisoft.
“This is a milestone moment for AI in games,” Tencent Games said in a press release. “Nvidia ACE and Tencent Games will help lay the foundation that will bring digital avatars with individual, lifelike personalities and interactions to video games.”
Getty Images AI Collaboration: Content creator marketplace Getty Images Holdings (NYSE:GETY) is using NVIDIA Picasso for its new iStock by Getty Images generative AI service. The service will allow people to create 4K imagery from text using an AI model that includes licensed creative content from Getty Images.
GeForce RTX 40 Super Series Introduced: Nvidia highlighted its new series of GeForce RTX 40 Super GPS that will have improved gaming and generative AI performance. The RTX 4080 Super starts at $999 and will be available on Jan. 31. The newest Nvidia product is 1.4x faster than RTX 3080 Ti.
The RTX 4070 Ti Super was also unveiled and is 1.6x faster than a 3070 Ti and will be available beginning Jan. 24 at a cost of $799.
The RTX 4070 Super will be available on Jan. 17 at a price point of $599. The RTX 4070 Super is 1.5x faster in demanding games than the RTX 3090.
“Generative AI is the single most significant platform transition in computing history and will transform every industry, including gaming,” Nvidia CEO Jensen Huang said in a press release from the company. “With over 100…
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