Nvidia doubles down on its software tools to create virtual worlds

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The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu

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Nov 9 (Reuters) – Nvidia Corp on Tuesday released a set of tools for software developers aimed at helping them create a “metaverse” of three-dimensional virtual worlds – and using much more power computing chips from Nvidia in the process.

At the annual technology conference in Santa Clara, Calif., Nvidia launched Omniverse Enterprise, which will start at $9,000 per year and be sold by partners including Dell Technologies (DELL.N) and Lenovo Group Ltd (0992.HK). ), which build powerful computing systems with Nvidia chips for businesses.

Omniverse tools help various applications used to create three-dimensional worlds, such as software from Adobe Inc (ADBE.O), work better together while running on chips made by Nvidia.

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In an interview with Reuters, Richard Kerris, Vice President of the Omniverse Platform at Nvidia, called it “the plumbing of virtual worlds. It’s what we’ve built. And it’s what we’re building.” with all these partners.

But at present, most of these worlds are far from being realized and the tools are mainly used by businesses.

Kerris told Reuters that Nvidia had worked with more than 700 companies to test and develop the software, including companies like telecommunications equipment maker Ericsson (ERICb.ST), which used the software to create a “twin digital” from a city that he was using to test cellphone signal coverage before deploying physical trucks to install actual antennas.

Earlier this month, Wells Fargo analyst Aaron Rakers wrote that software and other tools for creating virtual worlds could represent a $10 billion market opportunity for Nvidia over the next five years – especially as companies like Meta Platforms Inc (FB.O), the company formerly known as Facebook, entice people to spend more time in what it calls the metaverse.

Nvidia’s market value has jumped $191 billion since Facebook’s capital spending announcement on October 25, a two-week gain that’s nearly as big as rival Intel’s total market capitalization of $209 billion. .

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Reporting by Stephen Nellis in San Francisco; Editing by Dan Grebler

Our standards: The Thomson Reuters Trust Principles.

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