By Mariko OiBusiness reporter55 minutes agoImage supply, Getty ImagesImage caption, Nvidia CEO Jensen Huang introduced the brand new AI chip at an occasion in San Jose, CaliforniaNvidia has unveiled its newest synthetic intelligence (AI) chip which is 30 occasions speedier at some duties than its predecessor.The agency has an 80% market share and it hopes to cement its dominance.Along with the B200 “Blackwell” chip, its chief government Jensen Huang detailed a brand new set of software program instruments at its annual developer convention.Nvidia is the third-most worthwhile firm within the US, behind solely Microsoft and Apple.As Mr Huang kicked off the convention, he jokingly mentioned, “I hope you realise this isn’t a live performance.”However Bob O’Donnell from Technalysis Analysis who was on the occasion informed the BBC that “the thrill was within the air”.”I have not seen one thing like this within the tech business in fairly a while,” he mentioned.”In truth, some individuals have been making analogies to the early days of Steve Jobs sorts of shows.”Nvidia mentioned main clients together with Amazon, Google, Microsoft and OpenAI are anticipated to make use of the agency’s new flagship chip in cloud-computing companies and for their very own AI choices.It additionally mentioned the brand new software program instruments, referred to as microservices, enhance system effectivity to make it simpler for a enterprise to include an AI mannequin into its work.Different bulletins embrace a brand new line of chips for vehicles which might run chatbots contained in the automobile. The corporate mentioned Chinese language electrical automobile makers BYD and Xpeng would each use its new chips.Mr Huang additionally outlined a brand new collection of chips for creating humanoid robots, inviting a number of of the robots to affix him on the stage.Based in 1993, Nvidia was initially identified for making the kind of laptop chips that course of graphics, notably for laptop video games.Lengthy earlier than the AI revolution, it began including options to its chips that it says assist machine studying, investments which have helped it acquire market share.It’s now seen as a key firm to look at to see how briskly AI-powered tech is spreading throughout the enterprise world.However competitors is heating up from rivals akin to AMD and Intel.Mr O’Donnell mentioned the market was rising so shortly that “even when Nvidia loses some share, they’ll nonetheless develop their general enterprise as a result of there’s simply a variety of alternatives for everyone”.