Yesterday, NVIDIA announced its latest RTX 40-series graphics cards, the GeForce RTX 4090 and RTX 4080. Rumors have been circulating for months about the release of the flagship GPUs, which feature NVIDIA’s new “Ada Lovelace” architecture, named after the mathematician who worked on Charles Babbage’s early computer, named the Analytical Engine.
History lessons aside, the new cards use the third-generation DLSS, with the RTX 4090 packed with 24GB of G6X RAM, which NVIDIA claims will make it two to four times faster than the outgoing RTX 3090 Ti — though you’ll have to pay $1,599 to experience the flagship’s raw power when it launches on October 12th.
The RTX 4080 was announced simultaneously, with two separate memory configurations of 12GB and 16GB. The RTX 4080 is also claimed to be two to four times faster than the outgoing RTX 3080 Ti model. No release date has been given for the RTX 4080 GPUs, though NVIDIA says the cards will be released in November, with a retail price of $899 for the 12GB model and $1,199 for the 16GB variant.
The RTX launch also showed off NVIDIA’s Founders Edition graphics cards, which are limited edition in-house models released before hardware partners such as Asus, Colorful, Gainward, Galaxy, Gigabyte, INNO3D, MSI, Palit, PNY, and Zotac use the technology in their own models.
“For our new GeForce RTX 40 Series Founders Edition graphics cards, we’ve further optimized the Dual Axial Flow Through system, increasing fan sizes and fin volume by 10%, and upgrading to a 23-phase power supply. Memory temperatures are reduced, and the new, substantially more powerful Ada GPUs are kept cool in ventilated cases, giving gamers excellent overclocking headroom,” says Andrew Burnes, technical marketer at NVIDIA.
Although the 40-series cards are now official and about to launch, RTX 30-series GPUs are likely to be around for some time. Earlier this year, NVIDIA was forced to adjust pricing on many of its cards due to excess stock, leading to RTX 30-series cards appearing at their correct retail prices, despite several years of price hikes by traders.
The launch of RTX 40-series GPUs comes at a tough time for NVIDIA and the graphics card market in general. Demand has fallen since the recent crypto crash, and the Ethereum merge. Combine this with soaring electricity prices, and the future looks uncertain for the market as a whole, despite the considerable power boost that cards like the RTX 4090 promise.
Abu Dhabi’s Hub71 To Help Climate Technology Startups
The initiative was announced at the COP28 summit and will help selected startups with a $200,000 cash injection and further incentives.
Hub71, Abu Dhabi’s global technology system, has launched a new initiative to support climate technology startups backed by several of the UAE’s largest public and private sector organizations.
A total of 342 startups have submitted applications so far, with the top companies being added to a shortlist that will be revealed shortly. Selected startups will receive Dh250,000 ($68,000) in incentives and an upfront cash support package of Dh250,000. In addition, the top performers of Hub71’s new initiative will also receive a top-up of up to Dh250,000 in exchange for additional equity.
Ahmad Alwan, deputy chief executive of Hub71, said: “This initiative aims to bring in different entities that have a shared mission towards climate tech […] Throughout the journey, we will support these companies, not only from being startups to becoming mature companies but also to facilitate their engagement with entities that would support them with access to capital, market, and talent”.
The Hub71+ ClimateTech ecosystem is backed by the Abu Dhabi National Energy Company and the National Central Cooling Company, who have each pledged Dh500,000 to the initiative as anchor partners.
They are joined by corporate partners, including Abu Dhabi holding company ADQ, Aldar Properties, sovereign wealth fund Mubadala, First Abu Dhabi Bank, Masdar City, and Dubai’s Emirates NBD. In addition, Siemens Energy is also onboard as an anchor partner.
So far, Hub71 has helped 260 member startups and created over 1,000 jobs, according to the organization’s website. In addition, it has collectively raised around Dh5 billion since its foundation in 2019.