HPE’s stock soars following announcement of joint AI portfolio with Nvidia

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Hewlett Packard Enterprise and Nvidia have unveiled a new generative AI portfolio called Nvidia AI Computing by HPE, which offers solutions such as HPE Private Cloud AI. This solution integrates with Nvidia AI computing, networking, and software, as well as HPE GreenLake AI storage, compute, and cloud. It allows enterprises to easily develop and deploy generative AI applications. This announcement was made during the HPE Discover 2024 event keynote in Las Vegas, leading to a rise in stock prices for both companies.

Nvidia CEO Jensen Huang emphasized the significance of generative AI, calling it the most important technology in human history. He believes that this collaboration will make generative AI accessible to enterprises worldwide for the first time. HPE CEO Antonio Neri described the new product as ready to run out of the box, offering a single platform to oversee all AI models and applications. HPE Private Cloud AI will come in four sizes, each designed to be flexible and modular. It is expected to be available to the public in the fall of this year.

Huang highlighted the deep integration of Nvidia’s AI computing stack with HPE’s private cloud technology, providing enterprise and professional AI customers with advanced computing infrastructure and services to push the boundaries of AI. The partnership also includes HPE’s support for the latest Nvidia GPUs, CPUs, and Superchips, such as the HPE ProLiant DL380a Gen12 server, the HPE ProLiant DL384 Gen12 server, and the HPE Cray XD670 server, all equipped with Nvidia GPUs.

This collaboration between Hewlett Packard Enterprise and Nvidia aims to revolutionize the field of AI by making it more accessible and user-friendly for enterprises worldwide. With the launch of the HPE Private Cloud AI solution, businesses can now leverage the power of generative AI to enhance their operations and drive innovation. The integration of Nvidia’s cutting-edge computing technologies with HPE’s private cloud infrastructure promises to deliver unparalleled performance and scalability for AI applications. Stay tuned for the official release of HPE Private Cloud AI later this year.

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