Nvidia doubles down on software tools for crafting virtual worlds -Breaking
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© Reuters. FILEPHOTO: Nvidia Corporation’s logo can be seen at Computex, Taiwan’s annual computer show. It was displayed in Taipei on May 30, 2017. REUTERS/Tyrone SiuBy Stephen Nellis
(Reuters) – Nvidia Corp (NASDAQ:) Tuesday unveiled a suite of software tools that will allow them to create a metaverse of virtual worlds in three dimensions. They can also use a lot of Nvidia chips.
Nvidia launched Omniverse Enterprise at its annual Santa Clara technology conference. The price will be $9,000 annually and it will be sold through partners like Dell Technologies (NYSE:) Ltd., Lenovo Group (OTC:) Ltd., who build computing systems that are powerful for corporate clients with Nvidia chip.
Omniverse helps various applications that create 3D worlds (such as Adobe software) to work together on Nvidia chips.
Richard Kerris from Nvidia’s Omniverse platform, Vice President, said that it was “the plumbing to virtual worlds.” It’s the thing we built. This is what we want to do with all these partners.”
These tools, however, are mostly used by business.
Kerris said that Nvidia had worked with 700 businesses to develop the software. Ericsson (BS) was one such company. It used the software to make a “digital Twin” of a town that it could use to check cell phone signal coverage.
This was done earlier in the month Wells Fargo Aaron Rakers (NYSE:), analyst, wrote that Nvidia’s software and other tools used to create virtual realms may be worth $10 billion over five years. He said this because firms such as Meta Platforms Inc, formerly Facebook (NASDAQ;), are enticed by the opportunity to invest more in the “metaverse”.
Nvidia stock market has risen $191 billion in the two weeks since Facebook announced its capital expenditures on Oct. 25. This is almost as much as Intel’s $209 billion market capitalization.
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