Deutsche Bank backs Nvidia's bet to make big bucks on software
German financial giant Deutsche Bank is backing Nvidia's ambitions to someday make hundreds of billions from software that enables a variety of services and applications running on its GPUs.it has formed a"multi-year innovation partnership with Nvidia to accelerate the use of artificial intelligence and machine learning in the financial services sector."
The Silicon Valley firm will continue to rely a great deal on external companies for systems and software, particularly mainstream servers, PCs, and end-user apps. "AI, ML and data will be a game changer in banking, and our partnership with Nvidia is further evidence that we are committed to redefining what is possible for our clients," Christian Sewing, Deutsche Bank's CEO, said in the canned statement.
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