Deutsche Bank supports Nvidia’s bet to make money from software • The Register

German financial giant Deutsche Bank supports Nvidia’s ambitions to one day make hundreds of billions from software enabling a variety of services and applications running on its GPUs.

The often-controversial banking giant announced on Wednesday that it has entered into a “multi-year innovation partnership with Nvidia to accelerate the use of artificial intelligence and machine learning in the financial services sector.”

With commercial software from Nvidia being an important aspect of the partnership, the deal reflects the GPU maker’s hope of one day generating hundreds of billions in revenue from software and services, in addition to the additional hundreds of billions it forecasts to generate to benefit from chips and systems, as the company pointed out at an investor meeting earlier this year.

That means if Nvidia’s commercial software business catches on, the company will be much closer to its vision of being vertically integrated into high-value areas like AI computing and owning everything from components like CPUs, GPUs, and SmartNICs; to the systems; to the software and services.

The Silicon Valley company will continue to rely heavily on outside companies for systems and software, particularly for mainstream servers, PCs, and end-user apps.

But Jensen Huang, CEO and co-founder of Nvidia, has made it clear on numerous occasions that he now views the chip designer as a “datacenter-scale” and “full-stack computing” company. If Huang’s vision is fully realized, Nvidia would have even more power and influence in the computing world than it has now with the proliferation of its proprietary parallel programming platform, CUDA.

The deal with Deutsche Bank

Deutsche Bank hasn’t said how much it intends to spend on Nvidia’s software and hardware, but the bank described the partnership as “an integral part” of the 153-year-old financial institution’s “ongoing technological transformation.”

“AI, ML and data will fundamentally transform banking, and our partnership with Nvidia is further proof of our commitment to redefining what’s possible for our customers,” said Christian Sewing, CEO of Deutsche Bank, in the ready-made statement.

As part of the partnership, Deutsche Bank will use two of Nvidia’s commercial software services. The first is Nvidia AI Enterprise, a suite of AI tools and frameworks designed to take the guesswork out of developing and running GPU-accelerated applications in containers and virtual machines, whether they run in the cloud or on-premises .

Deutsche Bank plans to use AI Enterprise to accelerate the development and management of risk management models while improving energy efficiency.

The second commercial software is Nvidia Omniverse Enterprise, a code suite for creating 3D spaces and running large-scale digital simulations, although the GPU maker likes to use the lively term “metaverse” to describe it.

Deutsche Bank is using Omniverse Enterprise to develop a 3D virtual avatar designed to help employees “navigate internal systems and respond to HR-related questions.” (Oh, joy.) The bank is also exploring the possibility of creating “immersive experiences” for bank customers.

The bank also plans to work with Nvidia to develop large language learning models called “financial transformers,” which will be used to, among other things, spot early warning signs of troubled transactions, identify data quality issues, and enable faster data retrieval.

Given Deutsche Bank’s reputation for being embroiled in controversy, the financial institution at least appears to be aware of the potential pitfalls of AI, to the point that the bank said it will “design, encourage, and promote explainable and accountable AI to improve understanding of.” to extend model predictions”. an expansion the bank is doing with Nvidia for an in-house AI center of excellence. ® Deutsche Bank supports Nvidia’s bet to make money from software • The Register

Rick Schindler

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