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· Posted on
February 21, 2024

Move over metaverse, there's a new sheriff in town: the omniverse

Nvidia's CEO reckons the omniverse is the next big opportunity for graphics companies.

What's the key learning?

  • Nvidia are a US tech company that's using the omniverse as the next big opportunity for their graphics.
  • While themetaverse is a new virtual space where people can meet up, the omniverse is exactly the same as the world we live in, but just in a digital format
  • Nvidia's Omniverse is already being used by BMW to build factories by simulating their manufacturing plants (kinda like a 'digital twin').

Background: Nvidia are a US tech company that design graphics processing units (GPUs) - aka a tool that creates images, animations and graphics...and displays them on a computer screen or gaming console (i.e. the Nintendo Switch).

What happened: With a US$822 billion market cap, they are America's most valuable chip company. In fact, they raked in around US$7.1 billion in sales last quarter alone.

What else: While Nvidia's bread and butter comes from gaming, their CEO reckons the omniverse is the next big opportunity for graphics companies.

So what's the key learning?

💡If the metaverse is a new virtual space where people can meet up...the omniverse is exactly the same as the world we live in, but just in a digital format.

💡Nvidia's Omniverse is already being used by BMW to build factories by simulating their manufacturing plants (kinda like a 'digital twin').

💡With 40 million creators and designers around the world...Nvidia reckons there's an untapped US$40 billion market out there. Kaching!

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