Report: Returns on Nvidia’s Omniverse business are underwhelming
Today in Las Vegas, Nvidia’s Jensen Huang will be taking the stage at the CES conference to show off his company’s latest innovations. If you’ve watched any of Huang’s impressive jargon-filled keynote speeches, you’ll notice that he gets extra animated when talking about “digital twins.”
Nvidia’s “Omniverse” platform allows companies to use Nvidia software and hardware to run large-scale simulations of factories and assembly lines.
The idea is that you can train your robots in Nvidia’s simulated environment, saving huge amounts of time and money. Huang is making a huge bet on this nascent product, and according to a new report, it isn’t exactly taking off.
The Information reports that much to Huang’s anger and frustration, the Omniverse offerings have yet to generate significant revenue.
According to the report, despite a long list of customers who Nvidia says are using Omniverse, some say the software is hard to use and fails to allow for simulating robot interactions with complex objects. The report also says Nvidia shuttered its Omniverse Cloud service in August of last year due to a lack of demand.
Nvidia has certainly successfully blazed trails into new categories before, but considering Huang’s enthusiasm for the Omniverse offerings, it is a rare stumble for the chip juggernaut.
The idea is that you can train your robots in Nvidia’s simulated environment, saving huge amounts of time and money. Huang is making a huge bet on this nascent product, and according to a new report, it isn’t exactly taking off.
The Information reports that much to Huang’s anger and frustration, the Omniverse offerings have yet to generate significant revenue.
According to the report, despite a long list of customers who Nvidia says are using Omniverse, some say the software is hard to use and fails to allow for simulating robot interactions with complex objects. The report also says Nvidia shuttered its Omniverse Cloud service in August of last year due to a lack of demand.
Nvidia has certainly successfully blazed trails into new categories before, but considering Huang’s enthusiasm for the Omniverse offerings, it is a rare stumble for the chip juggernaut.
