Jensen Huang Reveals Why Nvidia Is Betting Big On Humanoid Robot And Embodied AI
Portfolio Pulse from Benzinga Neuro
NVIDIA Corp's CEO, Jensen Huang, discussed the company's focus on humanoid robots and embodied AI, citing the abundance of human movement data as a key reason. At a San Jose conference, Nvidia unveiled Project GROOT, aimed at advancing humanoid robot technology. Despite Huang's optimistic outlook on AI and Nvidia's technology, the company's stock dipped slightly after his presentation, while stocks of other mentioned companies rose. The upcoming GTC 2024 conference is expected to highlight new AI products, use cases, and partnerships.
March 21, 2024 | 2:16 am
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NVIDIA Corp's focus on humanoid robots and AI, along with the unveiling of Project GROOT, positions the company at the forefront of AI technology. However, a slight stock dip was observed after CEO Jensen Huang's presentation.
NVIDIA's strategic focus on humanoid robots and embodied AI, highlighted by the unveiling of Project GROOT, underscores the company's commitment to leading in AI technology. Despite the short-term stock dip, the long-term outlook remains positive, especially with the anticipation of the GTC 2024 conference. This event is expected to further showcase NVIDIA's advancements in AI, potentially boosting investor confidence and stock performance in the future.
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