What's Going On With Nvidia Stock Tuesday?

NVIDIA Corp NVDA on Tuesday announced new AI services to supercharge AI for enterprises in connection with Meta Platforms Inc’s META release of open source large language model Llama 3.1.

What To Know: Meta on Tuesday announced the launch of Llama 3.1 405B. The company said it’s the first openly available model that rivals top AI models when it comes to general knowledge, steerability, math, tool use and multilingual translation. 

In connection with Meta’s Llama 3.1 release, Nvidia announced a new AI foundry, as well as NIM inference microservices for the collection of openly available models.

Nvidia AI Foundry, powered by the Nvidia DGX Cloud AI platform, aims to give enterprises significant compute resources that easily scale as AI demands change. Nvidia also said its NIM inference microservices for Llama 3.1 models are now available for download and aim to supercharge enterprise deployments of Llama 3.1 models for production AI.

“Meta’s openly available Llama 3.1 models mark a pivotal moment for the adoption of generative AI within the world’s enterprises,” said Jensen Huang, founder and CEO of Nvidia.

“Llama 3.1 opens the floodgates for every enterprise and industry to build state-of-the-art generative AI applications. NVIDIA AI Foundry has integrated Llama 3.1 throughout and is ready to help enterprises build and deploy custom Llama supermodels.”

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With Nvidia AI Foundry, the chipmaker said enterprises and nations can now create custom “supermodels” for their domain-specific industry use cases using Llama 3.1 combined with Nvidia software, computing and expertise. Enterprises will be able to train these supermodels with proprietary data, as well as synthetic data generated from Llama 3.1 405B and the Nvidia Nemotron Reward model.

“The new Llama 3.1 models are a super-important step for open source AI. With NVIDIA AI Foundry, companies can easily create and customize the state-of-the-art AI services people want and deploy them with NVIDIA NIM. I’m excited to get this in people’s hands,” said Mark Zuckerberg, founder and CEO of Meta. 

Meta shares were up about 1.45% at the time of writing.

NVDA Price Action: Nvidia shares were up 0.74% at $122.63 at last check, according to Benzinga Pro.

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