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Nvidia has passed Amazon and Alphabet to become the third-most valuable company in the United States.

The tech giant has seen significant growth from providing its graphical processing units (GPUs) to companies creating highly advanced artificial intelligence models like OpenAI, and as a result has seen its share price grow 221.25 percent over the past year. The company's market capitalization is now $1.81 trillion, compared to Alpahbet's $1.78 trillion and Amazon's $1.76 trillion. Nvidia now trails just Apple and Microsoft in market cap.

On Wednesday, Nvidia released a tool that could bring the benefits of those advanced AI models directly to your PC.That tool is Chat with RTX, which the company describes as a "tech demo that lets users personalize a chatbot with their own content," as long as you have a Windows computer with at least 16 gigabytes of ram and one of the following GPUs:

NVIDIA GeForce RTX 30 or 40 Series with at least 8GB of VRAM

NVIDIA RTX Ampere or Ada Generation with at least 8GB of VRAM

If you check all those boxes, you can download Chat with RTX and get started. When using the app, you'll decide which AI model you want to use (Currently only open-source models like Llama 2 and Mistral are available), add the files or folders that you want analyzed, and then ask questions about it. In an example video posted to Nvidia's blog announcing the tool, a user uploads a transcript from a meeting and asks the chatbot to identify which restaurant a coworker had recommended during that meeting.

The tool can scan .txt, .pdf, .doc/.docx, and .xml file types. Nvidia says the tool can also be used to search through Youtube videos by uploading the URL and asking questions about the content of the video.

For business owners, the main appeal of the new app will likely be that any information analyzed by the chatbot stays private and never leaves your PC, as sending confidential information over the cloud always carries a degree of risk. Yaniv Sulkes, VP of automotive at Hailo, a company that creates AI processors meant to work without connecting to the cloud, says that "many companies are not using the LLMs from the cloud-based providers because they're concerned about their IP." With Nvidia's new tool, the company says users can get results that are both "fast and secure"

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