The recent release of Nvidia’s Jetson Orin Nano Super Developer Kit might be small news in the context of Nvidia’s business. However, the new tech is being welcomed by everyone as a smart move by Nvidia to introduce the power of generative AI to the public. This device, which sells at $249, is highly efficient in generating AI programs, aimed to draw developers, students, or hobbyists into the technology.
NVIDIA, based in California, has become one of the prominent companies for graphics processing units (GPUs) and artificial intelligence (AI) technologies over the last few years. The company’s recent efforts in developing AI platforms that power generative AI have ballooned the market cap past the $3 trillion mark. Currently, a significant revenue source for NVIDIA is the sale of GPUs and AI software solutions to big industry players like Google, Amazon, and Microsoft. Consequently, NVIDIA has become one of the leading players in AI.
The Jetson Orin Nano Super is a system-on-module operated by an 8GB desktop board built with an NVIDIA Ampere architecture GPU and a 6-core Arm CPU. This powerful combination of AI shows a 1.7 times boost in the generative AI performance compared with the previous generations. In addition to that, a 70% speed in inference and a 50% increase in memory bandwidth is impressive. The product is ideal for producing LLM chatbots, visual AI agents, and AI-based robot deployment.
The robust hardware features are backed by a sizable software package, including NVIDIA’s Isaac for robotics, Metropolis for vision AI, and Holoscan for sensor processing. The developers also get to enjoy the NVIDIA Omniverse Replicator for synthetic data generation.
In short, this innovative kit is an economical yet powerful AI creation platform. It has an increased level of productivity, versatile program support, and a community-based ecosystem that makes it ideal for generative AI, robotics, and computer vision applications. By launching this compact device, Nvidia has given hobbyists a chance to use their knowledge and skills on a smaller scale. Who knows that’s where Nvidia’s next innovative idea is born!
Nvidia is 5th on our latest list of the 31 Most Popular Stocks Among Hedge Funds. As per our database, 193 hedge fund portfolios held NVDA at the end of the third quarter which was 179 in the previous quarter. While we acknowledge the potential of NVDA as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.