CES 2014 is under way and Nvidia has taken the stage to make the first major announcement. The graphics giant took the stage and announced the highly anticipated Tegra K1 SoC for mobile computing. The Tegra K1 SoC is based on the ‘Denver’ ARM 64-bit CPU.

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The Tegra K1 is a behemoth of a SoC, it features 192 CUDA cores, more than double the amount present in the Tegra 4 SoC (72 cores). The Tegra K1 SoC also makes use of Nvidia’s ‘Kepler; architecture. The new Tegra K1 SoC will be available in two variants, one featuring 32-bit quad-core Cortex A-15 CPU clocked at 2.3GHz, while the other features a 64-bit dual-core Denver CPU, a custom designed CPU based on ARM V8 64-bit and is clocked at 2.5GHz.

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Computing power of the Tegra K1 SoC is no doubt amazing, the ‘Denver’ CPU churns out more power than current-gen console, and matches the graphical performance of the PS4 and Xbox One. Nvidia also claims it to be three times faster than Apple’s A7 SoC. It also features PC-esque technologies with DirectX 11, OpenGL 4.4 and tessellation onboard. Nvidia’s CEO Jen-Hsun Huang demonstrated a demo of Unreal Engine 4 on a Tegra K1 powered tablet, and it was pretty exhilarating.

“Over the past two decades, NVIDIA invented the GPU and has developed more graphics technologies than any other company,” said Jen-Hsun Huang, co-founder and CEO, NVIDIA. “With Tegra K1, we’re bringing that heritage to mobile. It bridges the gap for developers, who can now build next-gen games and apps that will run on any device.”

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This isn’t the end of it though, Nvidia is also announced another variant of the Tegra K1, called the Tegra K1 VCM or Visual Computing Module. This particular variant is especially designed and aimed at automobiles. The Tegra K1 VCM will truly innovate how we interact with our car. Apart from usual tech, it will also features some cool perks of it’s own.

The Tegra K1 will be available this year, with the Cortex A-15 variant to be available in 1H 2014, and the Denver variant in 2H 2014.