Core Insights - Nvidia is elevating its power supply strategy to a new strategic level with the next-generation Kyber platform, aiming to extend its technological moat from chip computing power to the entire power architecture of data centers, intending to define the standards for future AI factories [1] Group 1: Kyber Project Overview - The Kyber project aims for mass production by the end of 2026, ahead of the market consensus of 2027, indicating Nvidia's acceleration in validating its 800 VDC architecture and high-density cabinet design [2][3] - The reference design scope of the Kyber project has significantly expanded to include the entire power supply and infrastructure of data centers, such as 800 VDC/HVDC distribution and solid-state transformer (SST) applications [1][4] Group 2: Strategic Implications - Nvidia is attempting to establish a complete ecological standard from chips and cabinets to the entire power infrastructure of data centers, creating a new competitive barrier as competitors focus on chip computing power and software [5] Group 3: Technical Considerations - The Kyber platform will utilize 800 VDC and include dedicated power cabinets, facing a critical technical choice on how to efficiently and safely convert 800 VDC down to 12 V at the load point [6] - Two conversion options exist: single-stage conversion, which offers the highest efficiency but poses significant design and safety challenges, and two-stage conversion, which sacrifices some efficiency but is more mature and favorable for large-scale production [6][7]