NVIDIA and Foxconn will shape the future of AI with game-changing factories

Here's a nutshell:

Nvidia and Foxconn will work together to build an artificial intelligence factory to use NVIDIA's chips in new data centers.

Nvidia CEO Jensen Huang announced that the AI factory will train self-driving cars, robotic platforms and large language models.

The U.S. decision to restrict chip exports to China caused Nvidia's stock price to fall 7.81%, but its market capitalization remained above $1 trillion.

Chipmaker Nvidia and electronics maker Foxconn plan to collaborate to build artificial intelligence (AI) factories.

In 2023, the world witnessed how artificial intelligence is revolutionizing software. While the AI products launched this year are largely limited to chatbots, image generators, and other software, the technology can build powerful physical devices such as robots and AI-powered vehicles.

**What will the NVIDIA-Foxconn AI Factory focus on? **

According to the Financial Times, Foxconn will use NVIDIA's chips to build "new data centers that support a wide range of applications." These companies call these data centers "AI factories."

During Foxconn's annual Tech Day, NVIDIA CEO Jensen Huang announced that the AI factory will train self-driving cars, robotic platforms, and large language models (LLMs).

The development comes at a time when Foxconn, a company known primarily for manufacturing electronic devices, is trying to diversify its business. Foxconn now wants to focus on building a computing infrastructure that supports autonomous technology.

At the same time, the U.S. decision to restrict the export of semiconductor chips to China could negatively impact Nvidia's revenue. The United States has introduced new restrictions, fearing that China has been using advanced chips to augment its military capabilities and create weapons of destruction.

On the other hand, the Pentagon is planning to use generative artificial intelligence to perform military missions.

Still, with this progress, Nvidia shares are down 7.81% since Monday's close. Despite the decline in the stock price, Nvidia's market capitalization remains above $1 trillion. Earlier this year, it became the first chipmaker to reach a $1 trillion valuation.

NVIDIA price. Source: TradingView

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