AI Takes Center Stage: Survey Reveals Financial Industry’s Top Trends for 2024

AI Takes Center Stage: Survey Reveals Financial Industry’s Top Trends for 2024

The financial services industry is undergoing a significant transformation with the adoption of AI technologies. NVIDIA’s fourth annual State of AI in Financial Services Report provides insights into the current landscape and emerging trends for 2024.

The report reveals that an overwhelming 91% of financial services companies are either assessing AI or already using it in production. These firms are using AI to drive innovation, improve operational efficiency and enhance customer experiences.

Portfolio optimization, fraud detection and risk management remain top AI use cases, while generative AI is quickly gaining popularity with organizations keen to uncover new efficiencies.

Below are the report’s key findings, which show how the financial services industry is evolving as advanced AI becomes more accessible.

Generative AI and Large Language Models Are on the Rise

Reflecting a macro-trend seen across industries, large language models (LLMs) and generative AI have emerged as significant areas of interest for financial services companies. Fifty-five percent of survey respondents reported that they were actively seeking generative AI workflows for their companies.

Organizations are exploring generative AI and LLMs for an array of applications ranging from marketing and sales — ad copy, email copy and content production — to synthetic data generation. Of these use cases, 37% of respondents showed interest in report generation, synthesis and investment research to cut down on repetitive manual work.

Customer experience and engagement was another sought-out use case, with a 34% response rate. This suggests that financial services institutions are exploring chatbots, virtual assistants and recommendation systems to enhance the customer experience.

AI Is Having an Impact Across Departments and Disciplines

With 75% of survey respondents considering their organization’s AI capabilities to be industry leading or middle of the pack, financial services organizations are becoming more confident in their ability to build, deploy and extract value from AI implementations.

The most popular uses for AI were in operations, risk and compliance, and marketing. To improve operational efficiency, financial organizations are using AI to automate manual processes, enhance data analysis and inform investment decisions.

To enhance risk and compliance, they’re deploying AI to analyze vast amounts of data to identify suspicious activities and anomalous transaction patterns. They’re also using AI to analyze customer data to predict preferences and deliver personalized marketing campaigns, educational content and targeted promotions.

Companies are already seeing results. Forty-three percent of financial services professionals indicated that AI had improved their operational efficiency, while 42% felt it had helped their business build a competitive advantage.

A Shift in the Headwinds

In previous years, the number one challenge respondents reported was recruiting AI experts and data scientists. A 30% increase this year in survey participants resoundingly responded that data-related challenges were the primary concern. This includes data privacy challenges, data sovereignty and data scattered around the globe governed by different oversight regulations.

The growing attention to these issues reflects the advancing power and complexity of AI models, which require huge, diverse datasets to train, as well as increasing regulatory scrutiny and emphasis on responsible AI.

Recruiting and retaining AI experts remains a challenge, as do budget concerns. But more than 60% of respondents are still planning to increase investment in computing infrastructure or optimizing AI workflows, underscoring the importance of these tools in quickly building and deploying trustworthy AI to overcome these barriers.

Paving the Way for Future Investments

By and large, the survey results paint a positive picture of AI bringing greater efficiency to operations, personalization to customer engagements, and precision to investment decisions.

Finance professionals agree. Eighty-six percent of respondents reported a positive impact on revenue, while 82% noted a reduction in costs. Fifty-one percent strongly agreed that AI would be important to their company’s future success, a 76% increase from last year.

With this positive outlook, 97% of companies plan to invest more in AI technologies in the near future. Focus areas for future investments include identifying additional AI use cases, optimizing AI workflows and increasing infrastructure spending.

To build and scale impactful AI across the enterprise, financial services organizations need a comprehensive AI platform that empowers data scientists, quants and developers to seamlessly collaborate while minimizing obstacles. To that end, executives are investing more in AI infrastructure and prioritizing high-yield AI use cases to improve employee productivity while delivering superior customer experiences and investment results.

Download the “State of AI in Financial Services: 2024 Trends” report for in-depth results and insights.

Explore NVIDIA’s AI solutions and enterprise-level AI platforms for delivering smarter, more secure financial services and the AI-powered bank.

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To the Cloud and Beyond: New Activision and Blizzard Games, Day Passes and G-SYNC Technology Coming to GeForce NOW

To the Cloud and Beyond: New Activision and Blizzard Games, Day Passes and G-SYNC Technology Coming to GeForce NOW

GFN Thursday recaps the latest cloud announcements from CES 2024 — Day Pass memberships, Cloud G-SYNC technology, expanded NVIDIA Reflex support and more.

The new year brings new adventures to the cloud for members, including Diablo IV and Overwatch 2 from Blizzard, Exoprimal from Capcom, Honkai: Star Rail from HoYoverse and Pax Dei from Mainframe Industries.

Plus, no GFN Thursday is complete without new games. Get ready for ten new titles joining the cloud this week.

Cloud’s-Eye View of CES

CES 2024 has come to a close, and GeForce NOW members have a lot to look forward to.

Coming in February, day passes for Ultimate and Priority memberships will offer a new way for members to play at up to GeForce RTX 4080 quality for up to 24 hours. Ultimate Day Pass will be available for $7.99, and Priority Day Pass for $3.99, providing all the benefits of both memberships to gamers before they decide to commit to the better-value one-month or six-month memberships.

G-SYNC comes to GeForce NOW
Nothing but a G-SYNC, baby.

Cloud G-SYNC support will match the display refresh rate of variable refresh rate monitors and G-SYNC-compatible monitors to the streaming rate. Paired with new 60 and 120 frames per second streaming options for GeForce NOW Reflex mode, this makes cloud gaming experiences nearly indistinguishable from using a local PC.

Ultimate members will be able to turn their phones into portable gaming rigs with support for 1440p resolutions on compatible Android phones, as well as updated keyboard and mouse support connected through a USB hub. Thanks to the cloud, these smartphones are now capable of PC gaming at Ultimate quality.

Worldwide Expansion for GeForce NOW
The cloud’s drifting into Japan.

GeForce NOW will also soon expand to Japan, operating alongside GeForce NOW Alliance partner KDDI. This will enable gamers across the country to play their favorite PC games in the cloud with Ultimate performance. Learn more and sign up for notifications.

Here Comes the Blizzard

That’s not all: GeForce NOW is bringing even more top titles to the cloud from celebrated publishers.

Following the recent release of Call of Duty, the latest games from top developer Blizzard Entertainment are coming soon to GeForce NOW. Members will be able to play the Steam versions of Diablo IV and Overwatch 2 on nearly any device with the power of a GeForce RTX 4080 rig in the cloud, with support for Battle.net coming soon.

Diablo IV on GeForce NOW
Someone check the weather in hell — seems pretty cold.

Join the fight for sanctuary in Diablo IV. Fight the forces of hell while discovering countless abilities to master, legendary loot to gather and nightmarish dungeons full of evil enemies to vanquish. Explore a shared open world where players can form their own armies to take down World Bosses, or join the fray in player vs. player zones to test skills against others.

Team up and answer the call of heroes in Overwatch 2, a free-to-play shooter featuring 30+ epic heroes, each with game-changing abilities. Lead the charge, ambush enemies or aid allies as one of Overwatch’s distinct heroes. Join the battle across dozens of futuristic maps inspired by real-world locations and master unique game modes in the always-on, ever-evolving live game.

Members can look forward to playing the Steam version of both games from the cloud, with support for the Battle.net launcher coming soon.

Honkai Star Rail coming soon to GeForce NOW
The Astral Express is coming to GeForce NOW.

Expanding the library of hit free-to-play titles for members, Honkai: Star Rail from miHoYo will soon join Genshin Impact in the cloud. The space-fantasy role-playing game is set in a diverse universe filled with wonder, adventure and thrills. Plus, members can experience all the latest updates without worrying about download times.

Mainframe Industries’ Pax Dei is a highly anticipated social sandbox massively multiplayer online game inspired by legends of the medieval era. It’s planned to release on GeForce NOW when it launches for PC.

Exoprimal on GeForce NOW
Dinosaurs? Oh my.

Capcom is working with NVIDIA to bring more of its hit titles to the cloud, including Exoprimal, an online, team-based action game that pits humanity’s cutting-edge exosuit technology against history’s most ferocious beasts: dinosaurs. Look forward to streaming it from the cloud starting Thursday, Jan. 18.

Get ready to play these titles and more at high performance coming soon. Ultimate members will be able to stream at up to 4K resolution and 120 fps with support for NVIDIA DLSS and Reflex technology, and experience the action even on low-powered devices. Keep an eye out on GFN Thursdays for the latest on game release dates in the cloud.

New to Play Today

War Hospital on GeForce NOW
Patch the wounded, mend the broken, survive the storm.

What’s a GFN Thursday without more games? Here’s what’s coming to the GeForce NOW library this week:

  • War Hospital (New release Jan. 11, available on Steam)
  • Assassin’s Creed: Valhalla (Xbox, available for PC Game Pass)
  • Jected – Rivals (Steam)
  • RAILGRADE (Steam)
  • Survivalist: Invisible Strain (Steam)
  • The Talos Principle 2 (Epic Games Store)
  • Turbo Golf Racing (Xbox, available for PC Game Pass)
  • TUNIC (Xbox, available for PC Game Pass)
  • Witch It (Steam)
  • Zombie Army 4: Dead War (Xbox, available for PC Game Pass)

Learn more about activating and playing Ubisoft games from PC Game Pass on GeForce NOW.

What are you playing this weekend? Let us know on X or in the comments below.

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NVIDIA Remains Among Very Best Places to Work in U.S., Rising to No. 2 on Glassdoor’s Annual List

NVIDIA Remains Among Very Best Places to Work in U.S., Rising to No. 2 on Glassdoor’s Annual List

NVIDIA continues to be among America’s very best places to work as judged by employees themselves, rising to second place on Glassdoor’s list of best employers for 2024.

This is the fourth consecutive year NVIDIA has been among the top five on the closely watched list, which is based on anonymous employee reviews about their job, company and work environment. Last year, NVIDIA ranked fifth.

Topping this year’s list is Bain & Co., with ServiceNow, MathWorks and Procore Technologies rounding out the top five.

Employees consistently share positive feedback about NVIDIA via Glassdoor’s anonymous reviews, which capture an authentic look at what it’s like to work at more than a million companies.

Some 98% of NVIDIANs approve of founder and CEO Jensen Huang’s leadership and 94% would recommend working at NVIDIA to a friend.

Here are some typical comments submitted by employees:

  • “NVIDIA is the best company you could possibly work for,” wrote one engineer on the site. “Employees are basically provided with every single thing they need to be able to do their life’s work at NVIDIA. I might just work here for the rest of my life and retire from here.”
  • “Truly, I have never worked at a place like NVIDIA,” another wrote. “The culture is strong, morale is high, teams are supportive of each other and employees love their work.”
  • “NVIDIA hires great people — in every discipline where we work, we have world-class experts and a deep bench. NVIDIA has a culture of help; nobody fails alone and we succeed together,” another noted.

Learn more about NVIDIA life, culture and careers

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How Generative AI Is Redefining the Retail Industry

How Generative AI Is Redefining the Retail Industry

Ninety-eight percent of retailers plan to invest in generative AI in the next 18 months, according to a new survey conducted by NVIDIA.

That makes retail one of the industries racing fastest to adopt generative AI to ramp up productivity, transform customer experiences and improve efficiency.

Early deployments in the retail industry include personalized shopping advisors and adaptive advertising, with retailers initially testing off-the-shelf models like GPT-4 from OpenAI.

But many are now realizing the value in developing custom models trained on their proprietary data to achieve brand-appropriate tone and personalized results in a scalable, cost-effective way.

Before building them, companies must first consider a variety of questions: whether to opt for an open-source, closed-source or enterprise model; how they plan to train and deploy the models; how to host them; and, most importantly, how to ensure future innovations and new products can be easily incorporated into them.

New offerings like NVIDIA AI Foundations, a curated collection of optimized, enterprise-grade foundation models from NVIDIA and leading open-source pretrained models, are giving retail companies the building blocks they need to construct their custom models. With NVIDIA NeMo, an end-to-end platform for large language model development, retailers can customize and deploy their models at scale using the latest state-of-the-art techniques.

Generative AI Use Cases 

Multimodal models are leading the new frontier in the generative AI landscape. They’re capable of processing, understanding and generating content and images from multiple sources such as text, image, video and 3D rendered assets.

This allows retailers to create eye-catching images or videos for a brand’s marketing and advertising campaign using only a few lines of text prompts. Or they can be used to deliver  personalized shopping experiences with in-situ and try-on product image results. Yet another use case is in product description generation, where generative AI can intelligently generate detailed e-commerce product descriptions that include product attributes, using meta-tags to greatly improve SEO.

Many retailers are testing the generative AI waters first with internal deployments. For example, some are boosting the productivity of their engineering teams with AI-powered computer code generators that can write optimized lines of code for indicated outcomes. Others are using custom models to generate marketing copy and promotions for various audience segments, increasing click-to-conversion rates. Meanwhile, chatbots and translators are helping employees accomplish their day-to-day tasks.

To enhance customer experiences, retailers are deploying generative AI-powered shopping advisors that can offer personalized product recommendations ​in customer-tailored conversation styles and display images of products being recommended. It can even display those products if shoppers want to see the recommended product, for example, in their home by uploading a picture of a room. Another use case is a customer service multilingual chatbot capable of answering simple customer inquiries and routing complex ones to human agents for improved, more efficient service.

NVIDIA at NRF

To learn more about how generative AI is shaping the future of retail, connect with the NVIDIA team at NRF: Retail’s Big Show, the world’s largest retail expo, taking place Jan. 14-16 at the Jacob K. Javits Convention Center in New York.

Attend the Big Ideas session on Jan. 14 at 2 p.m. ET to hear from Azita Martin, NVIDIA’s vice president of AI for retail, consumer packaged goods and quick-service restaurants, and others on how Target and Canadian Tire are using generative AI to deliver personalized shopping experiences and drive revenue and productivity.

Visit Dell’s booth on level three (4957) to meet with NVIDIA AI experts and experience NVIDIA’s generative AI demos.

Download the State of AI in Retail and CPG: 2024 Trends report for in-depth results and insights.

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Putting the AI in Retail: Survey Reveals Latest Trends Driving Technological Advancements in the Industry

Putting the AI in Retail: Survey Reveals Latest Trends Driving Technological Advancements in the Industry

The retail industry is in the midst of a major technology transformation, fueled by the rise in AI.

With the highest potential for AI and analytics among all industries, the retail and consumer packaged goods (CPG) sectors are poised to harness the power of AI to enhance operational efficiency, elevate customer and employee experiences and drive growth. As such, it’s crucial to stay ahead of the curve by anticipating potential trends that aim to change the retail game.

NVIDIA’s first annual “State of AI in Retail and CPG” survey — conducted among industry professionals — provides insights into the state of AI adoption in retail, its impact on revenue and costs and the emerging trends shaping the future of the industry.

With more than 400 respondents globally, including C-suite leaders and other executives, general managers and individual contributors, the survey consisted of questions covering a range of AI topics, top use cases, biggest challenges, infrastructure investment initiatives and deployment models.

Improving Operational Efficiencies Is a Top Priority

To stay ahead in a highly dynamic market, retailers are actively considering how AI can help them meet evolving customer preferences, address labor shortages and drive sustainability efforts. AI has already proved to be a game-changer for retailers, with 69% reporting an increase in annual revenue attributed to AI adoption. Additionally, 72% of retailers using AI experienced a decrease in operating costs.

AI is enhancing operational efficiency, elevating customer experiences and driving growth. The top five current AI use cases were as follows:

  1. Personalized customer recommendations
  2. Store analytics and insights
  3. Loss prevention and asset protection
  4. Augmented reality experiences
  5. Automated marketing content generation

While retailers are actively implementing AI, there are still areas they plan on exploring. These include further investing in AI infrastructure to overcome challenges related to inadequate technology and lack of AI talent, exploring the potential of the metaverse for consumer engagement and operational efficiency while also leveraging AI for brick-and-mortar stores to provide convenience and personalized customer experiences, transforming customer experiences using generative AI, and ensuring data privacy and protection in generative AI adoption.

Generative AI Is Changing Customer Experiences

Generative AI prominently emerged in several of the top AI use cases for retail. The use cases ranged from multimodal shopping advisors for personalized product recommendations; adaptive advertising, promotions and pricing; product tagging and cataloging; identification of similar and complementary products; as well as deployment of brand avatars for automated customer service.

Retailers recognized the transformative potential of generative AI, with 86% expressing a desire to use it to enhance customer experiences. Respondents acknowledged that incorporating AI into business practices and solutions could revolutionize customer engagement, optimize marketing strategies and streamline operational processes.

Staying Ahead With an Omnichannel Approach

To stay competitive, the survey indicated the importance of an omnichannel approach that integrates numerous online and offline channels to provide consumers with a consistent experience.

The results showed that ecommerce was the most used channel, with 79% of retailers actively participating. Mobile applications also gained traction, with over half of retailers using them to bridge the gap between digital and physical shopping experiences.

Despite the rise in digital shopping, 30% of respondents say physical stores have the biggest revenue growth opportunity (ranked second behind ecommerce) and remain the channel with the most AI use cases for retailers. Given the emphasis on intelligent stores and their central role in the omnichannel experience, use cases such as store analytics and loss prevention will continue to be critical investments.

Investing in AI Infrastructure

While AI adoption is still in its early stages, retailers are committed to increasing their AI infrastructure investments. Over 60% of respondents plan to boost their AI investments in the next 18 months. This commitment reflects the industry’s recognition of the technology’s potential to enhance operational efficiency, reduce costs, elevate customer experiences and drive growth.

Download the “State of AI in Retail and CPG: 2024 Trends” report for in-depth results and insights.

Explore NVIDIA’s AI solutions and enterprise-level AI platforms for retail at www.nvidia.com/retail.

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NVIDIA and Loss Prevention Retail Council Introduce AI Solution to Address Organized Retail Crime

NVIDIA and Loss Prevention Retail Council Introduce AI Solution to Address Organized Retail Crime

NVIDIA and the Loss Prevention Research Council (LPRC) are collaborating with several AI companies to showcase a real-time solution for combating and preventing organized retail crime (ORC).

The integrated offering provides advance notifications of suspicious behavior inside and outside stores so that authorities can intervene early.

The LPRC includes asset-protection executives from more than 85 major retail chains, with hundreds of thousands of stores worldwide, as well as law enforcement, consumer packaged goods companies and technology solutions partners. It’s focused on collaborating with the retail industry to reduce shrink — the loss of products for reasons other than sales — and increase safety and security at stores and shopping malls.

Flash mobs and smash-and-grab thefts are a growing concern, costing retailers billions of dollars in lost revenue and causing safety concerns among customers and employees. Crime syndicates have committed brazen, large-scale thefts, often selling stolen merchandise on the black market.

A National Retail Federation survey found that shrink accounted for $112 billion in losses in 2022, with an estimated two-thirds due to theft.

Increasingly, this involves violence. According to the survey, 67% of respondents said they were seeing more violence and aggression associated with organized-crime theft than a year ago.

The AI-based solution, which helps retailers get a jump on often-evasive, fast-moving organized crime groups, uses technology from several leading AI firms that have built their high-performance AI applications on the NVIDIA Metropolis application framework and microservices.

The solution includes product recognition and tracking, as well as anomaly detection, from AiFi, vehicle license plate and model recognition from BriefCam, and physical security management from SureView to provide advance and real-time notifications to retailer command centers.

The three are among over 500 software companies and startups that have developed retail, safety and security AI applications on NVIDIA Metropolis software development kits for vision AI — and that have been certified as NVIDIA Metropolis partners.

“The proposed AI-based ORC solution combines LPRC’s deep expertise in loss prevention from over 23 years of collaboration with asset protection executives with NVIDIA’s deep AI expertise,” said Read Hayes, who leads the LPRC and is a University of Florida research scientist and criminologist. “We believe this type of cross-industry collaboration will help retailers fight back against organized retail crime.”

Developing Integrated AI for Securing Stores 

AiFi, based in Silicon Valley, develops computer vision solutions, including autonomous retail capabilities built on the NVIDIA Metropolis application framework. Its solution detects anomalies in shopper behavior, tracks items removed from shelves and notifies retailers if shoppers bypass checkout lanes.

BriefCam, based in Newton, Mass., provides deep learning-based video analytics technology for insightful decision-making. Enabling the forensic search, alerting on and visualization of objects in video, the BriefCam Platform includes integrated license plate recognition and cross-camera object tracking, alongside other capabilities that support effective asset protection and real-time response to theft attempts.

SureView, based in Tampa, Fla., offers a software platform for managing multiple security systems with a single view. The company’s physical security management system receives signals from the AiFi and BriefCam applications, helping teams coordinate a quick and consistent response and providing notifications to store security operations and law enforcement based on the retailer’s business rules.

For more information about AI solutions for mitigating organized retail crime, connect with the NVIDIA team at NRF: Retail’s Big Show, the world’s largest retail expo, taking place Jan. 14-16 at the Javits Convention Center in New York.

Attend the Big Ideas session on Organized Retail Crime on Jan. 14 at 2 p.m. ET, moderated by the LPRC, to discover how Kroger and Jacksons Food are using AI in their stores to tackle crime.

The ORC solution will be showcased at NRF — visit NVIDIA experts in Lenovo’s booth (3665) and Dell’s booth (4957) to learn more about it from NVIDIA’s software partners.

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Amgen to Build Generative AI Models for Novel Human Data Insights and Drug Discovery

Amgen to Build Generative AI Models for Novel Human Data Insights and Drug Discovery

Generative AI is transforming drug research and development, enabling new discoveries faster than ever — and Amgen, one of the world’s leading biotechnology companies, is tapping the technology to power its research.

Amgen will build AI models trained to analyze one of the world’s largest human datasets on an NVIDIA DGX SuperPOD, a full-stack data center platform, that will be installed at Amgen’s deCODE genetics’ headquarters in Reykjavik, Iceland. The system will be named Freyja in honor of the powerful, life-giving Norse goddess associated with the ability to predict the future.

Freyja will be used to build a human diversity atlas for drug target and disease-specific biomarker discovery, providing vital diagnostics for monitoring disease progression and regression. The system will also help develop AI-driven precision medicine models, potentially enabling individualized therapies for patients with serious diseases.

Amgen plans to integrate the DGX SuperPOD, which will feature 31 NVIDIA DGX H100 nodes totaling 248 H100 Tensor Core GPUs, to train state-of-the-art AI models in days rather than months, enabling researchers to more efficiently analyze and learn from data in their search for novel health and therapeutics insights.

“For more than a decade, Amgen has been preparing for this hinge moment we are seeing in the industry, powered by the union of technology and biotechnology,” said David M. Reese, executive vice president and chief technology officer at Amgen. “We look forward to  combining the breadth and maturity of our world-class human data capabilities at Amgen with NVIDIA’s technologies.”

The goal of deCODE founder and CEO Kári Stefánsson in starting the company was to understand human disease by looking at the diversity of the human genome. He predicted in a recent Amgen podcast that within the next 10 years, doctors will routinely use genetics to explore uncommon diseases in patients.

“This SuperPOD has the potential to accelerate our research by training models more quickly and helping us generate questions we might not have otherwise thought to ask,” said Stefánsson.

Putting the Tech in Biotechnology

Since its founding in 1996, deCODE has curated more than 200 petabytes of de-identified human data from nearly 3 million individuals.

The company started by collecting de-identified data from Icelanders, who have a rich heritage in genealogies that stretch back for centuries. This population-scale data from research volunteers provides unique insights into human diversity as it applies to disease.

deCODE has also helped sequence more than half a million human genomes from volunteers in the UK Biobank.

But drawing insights from this much data requires powerful AI systems.

By integrating powerful new technology, Amgen has an opportunity to accelerate the discovery and development of life-changing medicines. In March 2023, NVIDIA announced that Amgen became one of the first companies to employ NVIDIA BioNeMo, which researchers have used to build generative AI models to accelerate drug discovery and development. Amgen researchers have also been accessing BioNeMo via NVIDIA DGX Cloud, an AI supercomputing service.

“Models trained in BioNeMo can advance drug discovery on multiple fronts,” said Marti Head, executive director of computational and data sciences at Amgen. “In addition to helping develop drugs that are more effective, they can also help avoid unwanted effects like immune responses, and new biologics can be made in volume.”

By adopting DGX SuperPOD, Amgen is poised to gain unprecedented data insights with the potential to change the pace and scope of drug discovery.

“The fusion of advanced AI, groundbreaking developments in biology and molecular engineering and vast quantities of human data are not just reshaping how we discover and develop new medicines — they’re redefining medicine,” Reese said.

Learn about NVIDIA’s AI platform for healthcare and life sciences.

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NVIDIA Generative AI Is Opening the Next Era of Drug Discovery and Design

NVIDIA Generative AI Is Opening the Next Era of Drug Discovery and Design

In perhaps the healthcare industry’s most dramatic transformation since the advent of computing, digital biology and generative AI are helping to reinvent drug discovery, surgery, medical imaging and wearable devices.

NVIDIA has been preparing for this moment for over a decade, building deep domain expertise, creating the NVIDIA Clara healthcare-specific computing platform and expanding its work with a rich ecosystem of partners. Healthcare customers and partners already consume well over a billion dollars in NVIDIA GPU computing each year — directly and indirectly through cloud partners.

In the $250 billion field of drug discovery, these efforts are meeting an inflection point: R&D teams can now represent drugs inside a computer.

By harnessing emerging generative AI tools, drug discovery teams observe foundational building blocks of molecular sequence, structure, function and meaning — allowing them to generate or design novel molecules likely to possess desired properties. With these capabilities, researchers can curate a more precise field of drug candidates to investigate, reducing the need for expensive, time-consuming physical experiments.

Accelerating this shift is NVIDIA BioNeMo, a generative AI platform that provides services to develop, customize and deploy foundation models for drug discovery.

Used by pharmaceutical, techbio and software companies, BioNeMo offers a new class of computational methods for drug research and development, enabling scientists to integrate generative AI to reduce experiments and, in some cases, replace them altogether.

In addition to developing, optimizing and hosting AI models through BioNeMo, NVIDIA has boosted the computer-aided drug discovery ecosystem with investments in innovative techbio companies — such as biopharmaceutical company Recursion, which is offering one of its foundation models for BioNeMo users, and biotech company Terray Therapeutics, which is using BioNeMo for AI model development.

BioNeMo Brings Precision to AI-Accelerated Drug Discovery 

BioNeMo features a growing collection of pretrained biomolecular AI models for protein structure prediction, protein sequence generation, molecular optimization, generative chemistry, docking prediction and more. It also enables computer-aided drug discovery companies to make their models available to a broad audience through easy-to-access APIs for inference and customization.

Drug discovery teams use BioNeMo to invent or customize generative AI models with proprietary data — and drug discovery software companies, techbios and large pharmas  are integrating  BioNeMo cloud APIs, which will be released in beta this month, into platforms that deliver computer-aided drug discovery workflows.

The cloud APIs will now include foundation models from three sources: models invented by NVIDIA, such as the MolMIM generative chemistry model for small molecule generation; open-source models pioneered by global research teams, curated and optimized by NVIDIA, such as the OpenFold protein prediction AI; and proprietary models developed by NVIDIA partners, such as Recursion’s Phenom-Beta for embedding cellular microscopy images.

MolMIM generates small molecules while giving users finer control over the AI generation process — identifying new molecules that possess desired properties and follow constraints specified by users. For example, researchers could direct the model to generate molecules that have similar structures and properties to a given reference molecule.

Phenomenal AI for Pharma: Recursion Brings Phenom-Beta Model to BioNeMo

Recursion is the first hosting partner offering an AI model through BioNeMo cloud APIs: Phenom-Beta, a vision transformer model that extracts biologically meaningful features from cellular microscopy images.

This capability can provide researchers with insights about cell function and help them learn how cells respond to drug candidates or genetic engineering.

Phenom-Beta performed well on image reconstruction tasks, a training metric to evaluate model performance. Read the NeurIPS workshop paper to learn more.

Phenom-Beta was trained on Recursion’s publicly available RxRx3 dataset of biological images using the company’s BioHive-1 supercomputer, based on the NVIDIA DGX SuperPOD reference architecture.

To further its foundation model development, Recursion is expanding its supercomputer with more than 500 NVIDIA H100 Tensor Core GPUs. This will boost its computational capacity by 4x to create what’s expected to be the most powerful supercomputer owned and operated by any biopharma company.

How Companies Are Adopting NVIDIA BioNeMo

A growing group of scientists, biotech and pharma companies, and AI software vendors are using NVIDIA BioNeMo to support biology, chemistry and genomics research.

Biotech leader Terray Therapeutics is integrating BioNeMo cloud APIs into its development of a generalized, multi-target structural binding model. The company also uses NVIDIA DGX Cloud to train chemistry foundation models to power generative AI for small molecule design.

Protein engineering and molecular design companies Innophore and Insilico Medicine are bringing BioNeMo into their computational drug discovery applications. Innophore is integrating BioNeMo cloud APIs into its Catalophore platform for protein design and drug discovery. And Insilico, a premier member of the NVIDIA Inception program for startups, has adopted BioNeMo in its generative AI pipeline for early drug discovery.

Biotech software company OneAngstrom and systems integrator Deloitte are using BioNeMo cloud APIs to build AI solutions for their clients.

OneAngstrom is integrating BioNeMo cloud APIs into its SAMSON platform for molecular design used by academics, biotechs and pharmas. Deloitte is transforming scientific research by integrating BioNeMo on NVIDIA DGX Cloud with the Quartz Atlas AI platform. This combination enables biopharma researchers with unparalleled data connectivity and cutting-edge generative AI, propelling them into a new era of accelerated drug discovery.

Learn more about NVIDIA BioNeMo and subscribe to NVIDIA healthcare news.

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NVIDIA Reveals Gaming, Creating, Generative AI, Robotics Innovations at CES

NVIDIA Reveals Gaming, Creating, Generative AI, Robotics Innovations at CES

The AI revolution returned to where it started this week, putting powerful new tools into the hands of gamers and content creators.

Generative AI models that will bring lifelike characters to games and applications and new GPUs for gamers and creators were among the highlights of a news-packed address Monday ahead of this week’s CES trade show in Las Vegas.

“Today, NVIDIA is at the center of the latest technology transformation: generative AI,” said Jeff Fisher, senior vice president for GeForce at NVIDIA, who was joined by leaders across the company to introduce products and partnerships across gaming, content creation, and robotics.

A Launching Pad for Generative AI

As AI shifts into the mainstream, Fisher said NVIDIA’s RTX GPUs, with more than 100 million units shipped, are pivotal in the burgeoning field of generative AI, exemplified by innovations like ChatGPT and Stable Diffusion.

In October, NVIDIA released the TensorRT-LLM library for Windows, accelerating large language models, or LLMs, like Llama 2 and Mistral up to 5x on RTX PCs.

And with our new Chat with RTX playground, releasing later this month, enthusiasts can connect an RTX-accelerated LLM to their own data, from locally stored documents to YouTube videos, using retrieval-augmented generation, or RAG, a technique for enhancing the accuracy and reliability of generative AI models.

Fisher also introduced TensorRT acceleration for Stable Diffusion XL and SDXL Turbo in the popular Automatic1111 text-to-image app, providing up to a 60% boost in performance.

NVIDIA Avatar Cloud Engine (ACE) Microservices Debut With Generative AI Models for Digital Avatars

NVIDIA ACE is a technology platform that brings digital avatars to life with generative AI. ACE AI models are designed to run in the cloud or locally on the PC.

In an ACE demo featuring Convai’s new technologies, NVIDIA’s Senior Product Manager Seth Schneider showed how it works.

 

First, a player’s voice input is passed to NVIDIA’s automatic speech recognition model, which translates speech to text. Then, the text is put into an LLM to generate the character’s response.

After that, the text response is vocalized using a text-to-speech model, which is passed to an animation model to create a realistic lip sync. Finally, the dynamic character is rendered into the game scene.

At CES, NVIDIA is announcing ACE Production Microservices for NVIDIA Audio2Face and NVIDIA Riva Automatic Speech Recognition. Available now, each model can be incorporated by developers individually into their pipelines.

NVIDIA is also announcing game and interactive avatar developers are pioneering ways ACE and generative AI technologies can be used to transform interactions between players and non-playable characters in games and applications. Developers embracing ACE include Convai, Charisma.AI, Inworld, miHoYo, NetEase Games, Ourpalm, Tencent, Ubisoft and UneeQ.

Getty Images Releases Generative AI by iStock and AI Image Generation Tools Powered by NVIDIA Picasso

Generative AI empowers designers and marketers to create concept imagery, social media content and more. Today, iStock by Getty Images is releasing a genAI service built on NVIDIA Picasso, an AI foundry for visual design, Fisher announced.

The iStock service allows anyone to create 4K imagery from text using an AI model trained on Getty Images’ extensive catalog of licensed, commercially safe creative content. New editing application programming interfaces that give customers powerful control over their generated images are also coming soon.

The generative AI service is available today at istock.com, with advanced editing features releasing via API.

NVIDIA Introduces GeForce RTX 40 SUPER Series

Fisher announced a new series of GeForce RTX 40 SUPER GPUs with more gaming and generative AI performance.

Fisher said that the GeForce RTX 4080 SUPER can power fully ray-traced games at 4K. It’s 1.4x faster than the RTX 3080 Ti without frame gen in the most graphically intensive games. With 836 AI TOPS, NVIDIA DLSS Frame Generation delivers an extra performance boost, making the RTX 4080 SUPER twice as fast as an RTX 3080 Ti.

Creators can generate video with Stable Video Diffusion 1.5x faster and images with Stable Diffusion XL 1.7x faster. The RTX 4080 SUPER features more cores and faster memory, giving it a performance edge at a great new price of $999. It will be available starting Jan. 31.

Next up is the RTX 4070 Ti SUPER. NVIDIA has added more cores and increased the frame buffer to 16GB and the memory bus to 256 bits. It’s 1.6x faster than a 3070 Ti and 2.5x faster with DLSS 3, Fisher said. The RTX 4070 Ti SUPER will be available starting Jan. 24 for $799.

Fisher also introduced the RTX 4070 SUPER. NVIDIA has added 20% more cores, making it faster than the RTX 3090 while using a fraction of the power. And with DLSS 3, it’s 1.5x faster in the most demanding games. It will be available for $599 starting Jan. 17.

NVIDIA RTX Remix Open Beta Launches This Month

There are over 10 billion game mods downloaded each year. With RTX Remix, modders can remaster classic games with full ray tracing, DLSS, NVIDIA Reflex and generative AI texture tools that transform low-resolution textures into 4K, physically accurate materials. The RTX Remix app will be released in open beta on Jan. 22.

RTX Remix has already delivered stunning remasters in NVIDIA’s Portal with RTX and the modder-made Portal: Prelude RTX. Now, Orbifold Studios is using RTX Remix to develop Half-Life 2 RTX: An RTX Remix Project, a community remaster of one of the highest-rated games of all time.

Check out this new Half-Life 2 RTX gameplay trailer:

 

Twitch and NVIDIA to Release Multi-Encode Livestreaming

Twitch is one of the most popular platforms for content creators, with over 7 million streamers going live each month to 35 million daily viewers. Fisher explained that these viewers are on all kinds of devices and internet services.

Yet many Twitch streamers are limited to broadcasting at a single resolution and quality level. As a result, they must broadcast at lower quality to reach more viewers.

To address this, Twitch, OBS and NVIDIA announced Enhanced Broadcasting, supported by all RTX GPUs. This new feature allows streamers to transmit up to three concurrent streams to Twitch at different resolutions and quality so each viewer gets the optimal experience.

Beta signups start today and will go live later this month. Twitch will also experiment with 4K and AV1 on the GeForce RTX 40 Series GPUs to deliver even better quality and higher resolution streaming.

‘New Wave’ of AI-Ready RTX Laptops

RTX is the fastest-growing laptop platform, having grown 5x in the last four years. Over 50 million devices are enjoyed by gamers and creators across the globe.

More’s coming. Fisher announced “a new wave” of RTX laptops launching from every major manufacturer. “Thanks to powerful RT and Tensor Cores, every RTX laptop is AI-ready for the best gaming and AI experiences,” Fisher said.

With an installed base of 100 million GPUs and 500 RTX games and apps, GeForce RTX is the world’s largest platform for gamers, creators and, now, generative AI.

Activision and Blizzard Games Embrace RTX

More than 500 games and apps now take advantage of NVIDIA RTX technology, NVIDIA’s Senior Consumer Marketing Manager Kristina Bartz said, including Alan Wake 2, which won three awards at this year’s Game Awards.

NVIDIA Consumer Marketing Manager Kristina Bartz spoke about how NVIDIA technologies are being integrated into popular games.

It’s a list that keeps growing with 14 new RTX titles announced at CES.

Horizon Forbidden West, the critically acclaimed sequel to Horizon Zero Dawn, will come to PC early this year with the Burning Shores expansion, accelerated by DLSS 3.

Pax Dei is a social sandbox massively multiplayer online game inspired by the legends of the medieval era. Developed by Mainframe Industries with veterans from CCP Games, Blizzard and Remedy Entertainment, Pax Dei will launch in early access on PC with AI-accelerated DLSS 3 this spring.

Last summer, Diablo IV launched with DLSS 3 and immediately became Blizzard’s fastest-selling game. RTX ray tracing will now be coming to Diablo IV in March.

More than 500 games and apps now take advantage of NVIDIA RTX technology, with more coming.

Day Passes and G-SYNC Technology Coming to GeForce NOW

NVIDIA’s partnership with Activision also extends to the cloud with GeForce NOW, Bartz said. In November, NVIDIA welcomed the first Activation and Blizzard game, Call of Duty: Modern Warfare 3. Diablo IV and Overwatch 2 are coming soon.

GeForce NOW will get Day Pass membership options starting in February. Priority and Ultimate Day Passes will give gamers a full day of gaming with the fastest access to servers, with all the same benefits as members, including NVIDIA DLSS 3.5 and NVIDIA Reflex for Ultimate Day Pass purchasers.

NVIDIA also announced Cloud G-SYNC technology is coming to GeForce NOW, which varies the display refresh rate to match the frame rate on G-SYNC monitors, giving members the smoothest, tear-free gaming experience from the cloud.

Generative AI Powers Smarter Robots With NVIDIA Isaac

NVIDIA Vice President of Robotics and Edge Computing Deepu Talla addressed the intersection of AI and robotics.

Closing out the special address, NVIDIA Vice President of Robotics and Edge Computing Deepu Talla shared how the infusion of generative AI into robotics is speeding up the ability to bring robots from proof of concept to real-world deployment.

Talla gave a peek into the growing use of generative AI in the NVIDIA robotics ecosystem, where robotics innovators like Boston Dynamics and Collaborative Robots are changing the landscape of human-robot interaction.

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NVIDIA Drives AI Forward With Automotive Innovation on Display at CES

NVIDIA Drives AI Forward With Automotive Innovation on Display at CES

Amid explosive interest in generative AI, the auto industry is racing to embrace the power of AI across a range of critical activities, from vehicle design, engineering and manufacturing, to marketing and sales.

The adoption of generative AI — along with the growing importance of software-defined computing — will continue to transform the automotive market in 2024.

NVIDIA today announced that Li Auto, a pioneer in extended-range electric vehicles (EVs), has selected the NVIDIA DRIVE Thor centralized car computer to power its next-generation fleets. Also, EV makers GWM (Great Wall Motor), ZEEKR and Xiaomi have adopted the NVIDIA DRIVE Orin platform to power their intelligent automated-driving systems.

In addition, a powerful lineup of technology is on display from NVIDIA’s automotive partners on the CES trade show floor in Las Vegas.

  • Mercedes-Benz is kicking off CES with a press conference to announce a range of exciting software-driven features and the latest developments in the Mercedes-Benz MB.OS story, each one showcased in a range of cars, including the Concept CLA Class, which is using NVIDIA DRIVE Orin for the automated driving domain. 

    Mercedes-Benz is also using digital twins for production with help from NVIDIA Omniverse, a platform for developing applications to design, collaborate, plan and operate manufacturing and assembly facilities. (West Hall – 4941)

  • Luminar will host a fireside chat with NVIDIA on Jan. 9 at 2 p.m. PT to discuss the state of the art of sensor processing and ongoing collaborations between the companies. In addition, Luminar will showcase the work it’s doing with NVIDIA partners Volvo Cars, Polestar, Plus and Kodiak. (West Hall – 5917 and West Plaza – WP10)
  • Ansys is demonstrating how it leverages NVIDIA Omniverse to accelerate autonomous vehicle development. Ansys AVxcelerate Sensors will be accessible within NVIDIA DRIVE Sim. (West Hall – 6500)
  • Cerence is introducing CaLLM, an automotive-specific large language model that serves as the foundation for the company’s next-gen in-car computing platform, running on NVIDIA DRIVE. (West Hall – 6627)
  • Cipia is showcasing its embedded software version of Cabin Sense, which includes both driver and occupancy monitoring and is expected to go into serial production this year. NVIDIA DRIVE is the first platform on which Cabin Sense will run commercially. (North Hall – 11022)
  • Kodiak is exhibiting an autonomous truck, which relies on NVIDIA GPUs for high-performance compute to process the enormous quantities of data it collects from its cameras, radar and lidar sensors. (West Plaza – WP10, with Luminar)
  • Lenovo is displaying its vehicle computing roadmap, featuring new products based on NVIDIA DRIVE Thor, including: Lenovo XH1, a central compute unit for advanced driver-assistance systems and smart cockpit; Lenovo AH1, a level 2++ ADAS domain controller unit; and Lenovo AD1, a level 4 autonomous driving domain controller unit. (Estiatorio Milos, Venetian Hotel)
  • Pebble, a recreational vehicle startup, is presenting its flagship product Pebble Flow, the electric semi-autonomous travel trailer powered by NVIDIA DRIVE Orin, with production starting before the end of 2024. (West Hall – 7023)
  • Polestar is showcasing Polestar 3, which is powered by the NVIDIA DRIVE Orin central core computer. (West Hall – 5917 with Luminar and Central Plaza – CP1 with Google)
  • Zoox is showcasing the latest generation of its purpose-built robotaxi, which leverages NVIDIA technology, and is offering CES attendees the opportunity to join its early-bird waitlist for its autonomous ride-hailing service. (West Hall – 7228)

Explore to Win

Visit select NVIDIA partner booths for a chance to win GTC 2024 conference passes with hotel accommodations.

Event Lineup

Check out NVIDIA’s CES event page for a summary of all of the company’s automotive-related events. Learn about NVIDIA’s other announcements at CES by viewing the company’s special address on demand.

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