The artificial intelligence (AI) boom has significantly picked up momentum in 2024, a fact not lost on the world’s leading AI chipmaker, Nvidia (NVDA). The tech titan has reported a whopping revenue growth of over 260% in the last quarter of 2023, with projections of a further 230% rise in this quarter. Nvidia’s accelerated growth rates have struck chords both in mainstream media and among investors.
Nvidia’s CEO, Jensen Huang, on the firm’s GPU Technology Conference (GTC) in March 2024, announced the launch of Blackwell — the next-gen chip architecture designed to enable the production of faster, smaller, and better AI chips. This promising innovation, along with other developments, signifies what is being termed as AI 2.0.
The current industry players, including Nvidia, are already shifting their focus to this next-gen AI. Nvidia, together with Microsoft, the world’s largest AI company, OpenAI, Amazon, Tesla, and Samsung, are investing heavily in AI 2.0. Indeed, AI 2.0, anticipated as the upcoming wave of significant AI growth, is attracting considerable investment from these tech giants, as well as high-profile individuals such as Elon Musk and Jeff Bezos.
So, what is AI 2.0 all about? It essentially revolves around the real-world application of AI technologies via humanoid robots, an idea that may have been considered far-fetched or science fiction-like not too long ago.
Nvidia recently disclosed their Project GROOT foundation AI model, specially designed to improve the performance of humanoid robots, coupled with a new system-on-a-chip named Thor for robotic use. This announcement showcases Nvidia’s commitment to AI 2.0, and indeed, the reality of AI-powered humanoid robots is no longer a distant fantasy.
Several major players, including, but not limited to, OpenAI, Microsoft, Tesla, Amazon, and Intel, are investing heavily in the development of humanoid robots. Tesla is currently working on a humanoid robot called Optimus, already capable of performing tasks such as folding clothes, cooking eggs, exercising, and even dancing.
Tesla, led by Elon Musk, envisions these robots becoming commonplace in the foreseeable future, assisting people worldwide with routine tasks. Musk has even stated that in due time, Optimus could surpass Tesla’s core vehicle business.
FigureAI, a humanoid robot startup, has reportedly received a $100 million investment from Jeff Bezos, thus indicating Bezos’ confidence in the future of humanoid robots. Furthermore, tech giants Amazon, Microsoft, and Nvidia have committed significant investments into FigureAI, along with OpenAI, Intel, and Samsung.
What was once considered a concept out of sci-fi movies, AI-powered humanoid robots, is becoming a reality. The world’s most powerful people and top AI innovators clearly believe humanoid robots represent the next frontier, terming this shift as the rise of AI 2.0.
With millions of dollars being invested into AI 2.0, it’s clear that the boom is transitioning into its next phase. It appears now is the time to seize this opportunity and partake in the exciting new wave of AI growth.
Disclaimer: At the time of publication, the author held no direct or indirect positions in the securities referenced in this article.
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