Nvidia Building The Metaverse

Graphics-chip maker Nvidia $NVIDIA(NVDA.US)$ said its processors and software will play a key role in building the so-called "metaverse."

On Tuesday, it announced the availability of Nvidia Omniverse software for creators who use its RTX graphics processors. It also revealed new Omniverse features for digital artists and designers.

"This is the future of 3D content creation and how virtual worlds will be built," said Jeff Fisher, Nvidia senior vice president of consumer products.

Nvidia also introduced a lower-priced GeForce RTX graphics processor that it hopes will spur gamers to upgrade to ray-tracing technology. The GeForce RTX 3050 graphics processor will be available on Jan. 27 and start at $249.

In autonomous cars, Nvidia announced new users of its Nvidia Drive platform. It said electric-vehicle makers such as Volvo-backed Polestar and Chinese firms Nio $NIO Inc(NIO.US)$ , Xpeng $XPeng(XPEV.US)$ and Li Auto $Li Auto(LI.US)$ have adopted its Drive Hyperion platform.

Also, TuSimple $TuSimple(TSP.US)$ announced that it will build its autonomous-trucking platform on a version of the Nvidia Drive platform called Orin.

Nvidia stock sank 2.8% to finish at 292.90 Tuesday.

Part of the content is taken from Investor's Business Daily.