Nvidia’s Stock Rises on Wall Street Following Acquisition
Following the announcement that Nvidia acquired AI software provider SchedMD, the company’s stocks rose mid-day on Wall Street. The chip manufacturer is doubling down on open-source technology and increasing investments in the AI ecosystem.
Nvidia’s shares gained over 1% to $176.99, recovering from four consecutive days of decline.
SchedMD: A Key Player in Open-Source AI Scheduling
SchedMD, the recently acquired firm by Nvidia, offers software that assists in scheduling large computational tasks that can consume significant server capacity within a data center.
Their technology, known as Slurm, is open-source, allowing developers and businesses to access it for free while Nvidia sells engineering support and maintenance services.
No financial terms of the agreement were disclosed. Nvidia confirmed that it will continue distributing SchedMD’s open-source software.
Nvidia’s New Open-Source AI Models
Earlier today, Nvidia unveiled a new family of open-source AI models, claiming they will be faster, cheaper, and smarter than previous offerings as they face a growing wave of open-source AI models from Chinese research labs.
Nvidia is releasing these models as competitors like DeepSeek, Moonshot AI, and Alibaba Group Holdings gain widespread adoption in the tech industry. Companies such as Airbnb have already revealed their use of Alibaba’s open-source model, Qwen.
Key Questions and Answers
- Who is SchedMD? SchedMD is a software provider specializing in open-source workload scheduling technology, crucial for managing large computational tasks within data centers.
- Why is this acquisition significant for Nvidia? By acquiring SchedMD, Nvidia strengthens its position in the open-source AI market and gains access to advanced scheduling technology, which is essential for managing large-scale AI workloads.
- What are Nvidia’s new open-source AI models? Nvidia introduced a new family of open-source AI models, claiming they will be faster, cheaper, and more intelligent than previous offerings to compete with rapidly advancing Chinese open-source AI models.
- Who are Nvidia’s competitors in the open-source AI space? Competitors include Chinese AI research labs and tech companies like DeepSeek, Moonshot AI, and Alibaba Group Holdings, whose open-source AI models are increasingly adopted by major tech firms.
