Nvidia CEO Jensen Huang full keynote at GTC 2024

On Monday, Nvidia (NVDA) CEO Jensen Huang took the wraps off of the companys highly anticipated Blackwell graphics processing unit (GPU) at the companys annual GTC conference in San Jose, Calif. The Blackwell is the successor to Nvidias already highly coveted H100 and H200 GPUs, and according to the company, it is the worlds most powerful chip. The H100 and H200 chips have become the goto GPUs for AI applications, helping to rocket Nvidias 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 segments growth into perspective, Nvidia reported annual revenue of 27 billion for all of 2022. For three decades weve 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.