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Nvidia CEO Huang highlights Omniverse strategy at GTC event
Nov. 09, 2021 4:09 AM ET NVIDIA Corporation (NVDA) BAMXF, BMWYY, FB By: Yoel Minkoff, SA News Editor 9 Comments
 David Becker/Getty Images News
Calling it a foundational platform, Nvidia (NASDAQ: NVDA) CEO Jensen Huang touted the Omniverse at the GTC event late last night, describing how virtual collaboration will change our world. NVDA +0.6% premarket.
"We will jump from different virtual worlds like we do in hypertext today," he said during the keynote speech (think cloud-shared documents for 3D design, robot-controlled virtual factories and climate forecasts for the entire globe).
Omniverse is designed to be data-centered scale, but will eventually expand to the planetary scale. The Nvidia platform, which has been downloaded by 70,000 developers and 500 companies, is currently available in Beta (four verticals include Showroom, Farm, AR and VR). BMO lifts Nvidia price target to $375/share.
Case in point: BMW ( OTCPK:BAMXF) is building digital twin factories at three projects on the Omniverse system. The "factory of the future" does not only help with automation, but can simulate complex production and output (collaboration takes place at the plant level, all the way down to comprehensive details).
Nvidia also launched Quantum-2, the next generation of its InfiniBand networking platform to offer the extreme performance, broad accessibility and strong security needed by cloud computing providers and supercomputing centers. |
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