Benzinga | Jul 7, 2021 01:21AM EDT

Nvidia UK Supercomputer...What You Need To Know

Chip supplier Nvidia Corp (NASDAQ:NVDA) on Tuesday launched Cambridge-1, which it claims is the fastest supercomputer in the United Kingdom, dedicated to the healthcare industry.

What Happened: With a $100 million investment behind it, Nvidia has opened access to Cambridge-1 to scientists, healthcare experts, and pharma companies such as AstraZeneca Plc (NYSE:AZN) and GlaxoSmithKline Plc (NYSE:GSK).

Cambridge-1 supercomputer's artificial intelligence and simulation prowess will help U.K.-based researchers advance the fields of digital biology and genomics, the company said in a statement.

Among its first healthcare-related projects, Cambridge-1 will help researchers and scientists develop a deeper understanding of brain diseases such as dementia, using AI to design new drugs and improving the accuracy of finding disease-causing variations in human genomes, as per Nvidia.

Price Action: Nvidia shares closed 1.03% higher at $827.94 on Tuesday.

See Also: Micron, Nvidia, AMD, TSMC, Or Intel? One Semiconductor Stock Emerged As Clear Winner In 2021 First-Half Gains

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