NVIDIA announces establishment of new business group to promote AI, CEO Jen-Hsun Huang says 'demand for next-generation AI chip Blackwell is insane'



American semiconductor giant NVIDIA has announced that it will partner with the consulting firm Accenture to establish a new business group called the NVIDIA Business Group, which will employ 3,000 experts in generative AI technology.

Accenture and NVIDIA Lead Enterprises into Era of AI

https://newsroom.accenture.com/news/2024/accenture-and-nvidia-lead-enterprises-into-era-of-ai

Nvidia (NVDA) Partners With Accenture to Boost Corporate AI Adoption - Bloomberg
https://www.bloomberg.com/news/articles/2024-10-02/nvidia-partners-with-accenture-to-boost-corporate-ai-adoption

Accenture To Train 30,000 Staff On Nvidia AI Tech In Blockbuster Deal
https://www.crn.com/news/ai/2024/accenture-to-train-30-000-staff-on-nvidia-ai-tech-in-blockbuster-deal

On October 2, 2024, NVIDIA and Accenture announced a partnership to expand the adoption of AI technology in companies, launching the NVIDIA Business Group to help clients utilize generative AI and building a support system with 3,000 specially trained experts.

'Our collaboration with NVIDIA continues to break new ground, helping clients be at the forefront of using generative AI to spark innovation,' said Julie Sweet, chairman and CEO, Accenture.



Accenture is focusing on 'agent AI systems' in which AI autonomously judges, decides and executes workflows, instead of humans having to directly input prompts or manually automate business processes. The company plans to use NVIDIA's AI stack to accelerate the adoption of agent AI systems in companies.

On the other hand, NVIDIA has a huge advantage in the AI hardware market, but its main customers are limited to a handful of large companies that own large data centers, such as Microsoft, Amazon, and Google.

As a result, investors and analysts are concerned that Nvidia is not getting a return on the huge investment it is making in its infrastructure.


by Laineema

Financial media Bloomberg pointed out that the aim of the partnership is to address these concerns and broaden NVIDIA's customer base, making its AI technology and products even more valuable.

NVIDIA CEO Jensen Huang said in a CNBC interview about the partnership, 'NVIDIA sees Accenture as a company that connects our technology with our customers.' According to Huang, Accenture's Sweet first came up with the idea for the partnership in mid-2024.

Huang also mentioned NVIDIA's next-generation AI chip, Blackwell , saying, 'Demand for Blackwell is insane. Everyone wants the best and everyone wants to be number one.'



Blackwell is said to be capable of running real-time generative AI using large-scale language models (LLMs) with trillions of parameters while consuming 25 times less energy than conventional GPUs. However, there are reports that the production of GPUs equipped with the Blackwell architecture is delayed due to design flaws.

Huang said the Blackwell chip manufacturing process is running at full capacity and is progressing as planned.

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