Nvidia CEO Jensen Huang full keynote at GTC 2024

On Monday, Nvidia (NVDA) CEO Jensen Huang took the wraps off of the company’s highly anticipated Blackwell graphics processing unit (GPU) at the company’s annual GTC conference in San Jose, Calif. The Blackwell is the successor to Nvidia’s already highly coveted H100 and H200 GPUs, and according to the company, it is the world’s most powerful chip. The H100 and H200 chips have become the go-to GPUs for AI applications, helping to rocket Nvidia’s data center revenue over the last few quarters. In its latest quarter alone, the company reported data center revenue of $18.4 billion. To put the segment’s growth into perspective, Nvidia reported annual revenue of $27 billion for all of 2022. “For three decades we’ve pursued accelerated computing with the goal of enabling transformative breakthroughs like deep learning and AI,” Huang said in a statement. “Generative AI is the defining technology of our time. Blackwell GPUs are the engine to power this new industrial revolution.