In this dynamic technological market, innovations fuel the further advancement of human living standards, followed by convenience and facilities. Artificial Intelligence (AI), neural networks, Natural Language Processing (NLP), and so on are recent and advanced examples of tech innovations. These innovations have transformed how we live and perform our routine work.
The latest announcement of a strategic partnership between Hon Hai Technology Group (Foxconn) and NVIDIA is a milestone for developing AI factories. AI factories refer to platforms with the capacity to empower AI applications for the creation of advanced manufacturing units, which will offer state-of-the-art efficiency in the global market. In other words, this collaboration is an accelerating step towards the AI industrial revolution.
Tech experts and developers constantly strive to come up with advanced and better solutions to the existing technological loopholes. A study regarding neural networks ensured a method through which neural networks will get top-notch training to provide them with a human-like ability to generalise languages. It is a single example of how innovation in technology is shaping our future, and there are plenty of them.
Foxconn – A Global Leader in Manufacturing
Foxconn is a Taiwan-based tech company which is the face behind the manufacturing of Apple’s iPhone. Chaired by Liu Young-way, Foxconn is one of the contract electronics maker giants globally. The company status quo is a technology services provider, which the CEO desires to transform into a technology platforms provider.
Given this ambition and other factors, Liu joined hands with NVIDIA to step into the AI-powered manufacturing landscape with an official announcement at Hon Hai Tech Day in the capital of Taiwan, Taipei. Foxconn offers contract manufacturing for various smartphone giants, including Apple, Nokia, and many others.
As per the company’s vision of bringing a comprehensive smart living experience to the world, Foxconn has introduced Electric Vehicles (EVs), smart consumer electronics, cloud and networking products, and much more. Smart solutions require AI and integration to ensure these solutions’ smooth functionality and effectiveness. Despite the higher productivity of AI, world leaders and experts forecast AI risks, which need equal consideration.
Quick Link: Why Joe Biden Is So Alarmed About AI Risk
NVIDIA – Advanced Chip Making Company
If you are familiar with the technology trends and news, you will know about NVIDIA for sure since it is one of the tech firms in “Trillion Dollar Club”. Thanks to NVIDIA’s determination to excel in AI chip making, it has achieved breakthroughs in the realm of AI. Jensen Huang is the founder and CEO of NVIDIA, which specialises in manufacturing top-notch and high-performing Graphical Processing Units (GPUs) for smart devices, including computers and smartphones.
NVIDIA is one of the several companies that have taken significant advantage of the amazing AI gold rush, allowing them to earn enormous market value. If you want to learn more about the AI gold rush, click here. The AI chip-making company faces many competitors in the market, but its dedication to excellence helps it stand out.
NVIDIA offers semiconductor solutions to various industry leaders with services and products ranging from NVIDIA GPU computing infrastructure to automotive systems-on-a-chip and autonomous mobile robot platforms. With such unbeatable products, NVIDIA is coming forward to join hands with Foxconn to develop platforms offering smart solutions to the world.
Also Read: Chinese Scientists Unveil New Memristor Chip That Could Make AI 75 Times More Efficient
Partnership Between Foxconn and NVIDIA for AI Factories
The U.S. is imposing restrictions on China, limiting the export of advanced AI chips to the country alongside several other nations. In light of this restriction, China’s growth in the AI and technology space remains doubtable.
However, NVIDIA has announced an HGX H200 GPU solution that meets the U.S. guideline of export to continue smooth AI product sales globally. With the U.S. restriction on tech export and other limitations in the existing tech industry, Foxconn and NVIDIA secured a collaboration to develop AI factories. It is a futuristic step with results ensuring the future of manufacturing and smart solutions.
Since Foxconn has experience and infrastructure in the manufacturing space, NVIDIA’s high-performing AI chips will result in a new class of data centres for the development of digitalised and advanced AI applications. AI-powered language models, AI-driven EVs and robots and state-of-the-art manufacturing units are a few applications of AI factories.
1. Smart EVs
The EV market is surging due to several top companies contributing to it. With the existing 561 billion U.S. dollars market value in 2023, the EV market is forecasted to achieve around 906 billion U.S. dollar market volume by 2028.
NVIDIA DRIVE Hyperion 9 is the industry-standard automotive fleet platform that will be used in Foxconn Smart EV solutions to develop next-generation EVs as a consequence of the strategic partnership between NVIDIA and Foxconn.
2. Smart Manufacturing
Thanks to AI and related technologies, the existing robotics system is next level with futuristic robots. Humane AI Pin is another excellent example of an advanced AI application, which you can explore by clicking here.
Foxconn Smart Manufacturing will feature a robotic system empowered by the NVIDIA Isaac robotic system. Since the NVIDIA Isaac robotic system is highly efficient, the Foxconn manufacturing system will revolutionise the existing manufacturing market.
3. Smart City
With the NVIDIA Metropolis smart video analytics product, Foxconn will develop smart cities with access to advanced and modern facilities. A smart city uses intelligent prompts to transform homes and offices in a modern way, offering next-generation convenience to users.
Driving Force Behind NVIDIA’s Strategic Partnership with Foxconn
The ban on the export of tech solutions to China and other countries is a barrier in the way of Chinese companies’ progress. This restriction has also affected the sales of NVIDIA’s latest high-performing products, A800 and H800.
Furthermore, the announcement of Microsoft developing two custom AI chips is a direct competition against NVIDIA, making the AI chip-making giant go with an out-of-the-box solution. NVIDIA joined hands with Foxconn to employ its products in the coming AI factories.
AI Factories Will Transform the Technology Landscape
The AI factories will bring two massive tech companies, NVIDIA and Foxconn, on a single stage, offering joyous news to AI enthusiasts. It will not only help Foxconn diversify its business portfolio but also extend how AI and technology assist mankind with next-generation services and products.
These developments and innovations will contribute to taking the global AI market to a new height. With more solutions, individuals and business owners will have diversified solutions to a specific tech-related problem, which is the fruit of living in this saturated world of technology and AI.