Apple Inc.
What Happened: The partnership focuses on integrating Apple's Recurrent Drafter (ReDrafter) technique with Nvidia's TensorRT-LLM, to boost text generation speeds.
ReDrafter, which Apple open-sourced earlier this year, combines beam search and dynamic tree attention to improve LLM performance.
The collaboration with Nvidia has led to the integration of ReDrafter into TensorRT-LLM, a tool designed to accelerate LLMs on Nvidia GPUs.
This integration involved adding new operators to improve TensorRT-LLM's ability to handle complex models and decoding methods.
Benchmarking results show a 2.7x increase in token generation speed for greedy decoding on Nvidia GPUs, significantly reducing latency and power consumption.
Apple's machine learning researchers noted that this advancement could lower computational costs and improve user experience by reducing latency in production applications.
Why It Matters: In October earlier this year, Apple reported fourth-quarter revenue of $94.9 billion, surpassing analyst expectations of $94.56 billion.
Last month, Nvidia reported third-quarter revenue of $35.1 billion, marking a 94% increase compared to the last year, and exceeding the Street consensus estimate of $33.12 billion, as per Benzinga Pro data.
Together these two tech giants are worth about $7 trillion, with Apple being the most valuable company in the world and Nvidia ranking third.
Price Action: Apple shares fell 2.14% to $248.05 on Wednesday, and dipped further to $247.19 in after-hours trading. Meanwhile, Nvidia shares gained 2.01% to $131.50 in after-hours trading, recovering from a 1.14% decline to $128.91 during the regular session.
