The 16-pin 12VHPWR connector is a standard for connecting graphics processing units to computer power supplies for up to 600 W power delivery. It was introduced by Nvidia in 2022 to supersede the previous 6- and 8-pin power connectors for GPUs. The stated aim was to cater to the increasing power requirements of Nvidia GPUs. The connector was formally adopted as part of PCI Express 5. From Wikipedia
