Kroger Company (The) (NYSE:KR), NVIDIA Corporation (NASDAQ:NVDA) – Kroger Partners With NVIDIA For AI Services

  • Kroger Co (NYSE: KR) has entered into a strategic collaboration with NVIDIA Corp (NASDAQ: NVDA) for Artificial Intelligence-enabled applications and services.
  • The parties will build a state-of-art AI lab and demonstration center to expand Kroger’s freshness initiatives and improve shipping logistics.
  • The lab will be located in Kroger’s Cincinnati-based headquarters office. It will use NVIDIA AI Enterprise software for retail, Omniverse Enterprise for digital twin simulations, and cuOpt for logistics.
  • The initial installation will use nine NVIDIA DGX A100 systems, InfiniBand networking, and RTX workstations to gather insights on the grocer’s nearly 2,800 stores across the U.S.
  • Price Action: KR shares are trading higher by 1.63% at $56.59, and NVDA lower by 0.50% at $266.00 on the last check Tuesday.

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