NVIDIA Corporation (NVDA) has launched a new service to enhance AI application development for businesses and startups on Microsoft Azure

. This service brings together NVIDIA’s advanced AI models, development tools, and powerful cloud computing.

Jensen Huang, CEO of NVIDIA, stressed the importance of tailored AI models using company-specific data. The service includes NVIDIA’s latest AI models, like the Nemotron-3 8B, available on Azure and NVIDIA’s catalogs. These models are also optimized for high-speed computing, including Meta’s Llama 2 models.

Microsoft’s CEO, Satya Nadella, noted the deep collaboration with NVIDIA, which covers everything from hardware to software. This new service on Azure is aimed at making it easier for businesses and startups to create and use AI applications in the cloud.

On the stock market front, NVIDIA’s shares showed positive movement on November 16, 2023. The stock started the day at $486.79, climbed to a high of $495.25, and closed at $494.80, up 1.21% from the previous day. After the market closed, the price slightly dipped to $494.39. The trading day saw a significant number of shares traded, totaling over 32.9 million​​​​.

This move by NVIDIA, using Microsoft Azure, highlights the increasing role of AI in business and reflects positively on its stock performance.

Written by http://FinancialPress.com Inc.

Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research and consult with a financial advisor before making any investment decisions.