Connect with us

Market

Nvidia and Foxconn to Build AI Factories

Published

on

[ad_1]

The chipmakers Nvidia and electronic manufacturer Foxconn plan to collaborate to set up artificial intelligence (AI) factories.

In 2023, the world witnessed how AI can revolutionize software. While the AI products launched this year were mainly limited to chatbots, image generators, and other software, the technology can build powerful physical devices, such as robots and AI-powered vehicles.

What Would Nvidia-Foxconn AI Factories Focus On?

According to the Financial Times, Foxconn would utilize Nvidia’s chips to build “a new class of data centers powering a wide range of applications.” The companies have called these data centers “AI Factories.”

During Foxconn’s annual tech day, Nvidia CEO Jensen Huang announced that the AI factories will train autonomous vehicles, robotic platforms, and large language models (LLMs). 

Advertisement

Read more: Will AI Replace Humans?

The development comes as Foxconn, the company mainly known for manufacturing electronic devices, is trying to diversify its business. Foxconn now wants to focus on building the computing infrastructure that powers autonomous technology.

Meanwhile, the US’s decision to restrict the export of semiconductor chips to China may negatively impact the revenue of Nvidia. The US introduced the new restrictions, fearing that China has been using the advanced chips to strengthen its military capabilities and build devastating weapons.

On the other hand, the US Pentagon is planning to utilize generative AI for military tasks.

Nonetheless, following this development, the price of Nvidia stock fell by 7.81% since Monday’s close. Despite the fall, Nvidia’s market capitalization remains above $1 trillion. Earlier this year, it became the first chipmaker to achieve a valuation of $1 trillion.

Advertisement

Read more: AI Stocks: Best Artificial Intelligence Companies To Know in 2023

Nvidia, AI factories, Foxconn
NVIDIA price. Source: TradingView

Do you have anything to say about Nvidia AI factories or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.



[ad_2]

Source link

Advertisement
Advertisement
Advertisement
Uncategorized1 minute ago

Better Odyssey RTP Totally free revolves Position Adventures Beyond Wonderland Rtp casino slot thunderstruck Analysis

Uncategorized5 minutes ago

Center of one’s Forest because of the Playtech Slot Remark 2025 & Totally free Spins, Trial Enjoy today casino Chuzzle in the India

Uncategorized9 minutes ago

Desert Benefits Pyramid Quest for Immortality Rtp mobile Mobile Position Opinion Playtech

Uncategorized9 minutes ago

Chase The new Chicken Slot Review 2024 100 inferno pokie percent free Play Trial

Uncategorized12 minutes ago

Legit Online casinos Philippines #step 1 Secure huge fruit 22bet casino $step one put PH Online casino

Uncategorized13 minutes ago

Web page dos Irish Inspired mr bet slots phone number verification Harbors Irish On line Slot machines

Uncategorized16 minutes ago

House Out of Silver Trial by the Playtech Play all of our 100 percent free Slots

Uncategorized16 minutes ago

On-range gambling establishment Halloween symbols Zero-put Bonus Requirements for everybody $1 huge fruit people Players on the 2024

Uncategorized20 minutes ago

Finest Slingo Web sites Top 10 On line Slingo Web Mr Bet casino money transfer sites 2025

Uncategorized21 minutes ago

Frozen cats pokie casino Expensive diamonds Trial because of the Rabcat Gaming Free Play ᐈ

Uncategorized24 minutes ago

ten urgent hyperlink Best Real cash Online casinos Local casino Web sites 2025

Uncategorized26 minutes ago

Da Vinci Diamonds Free 100 free spins no deposit lady of fortune Trial, Revolves