Nvidia has announced its new Shield gaming device during a

The Shield will be released for $200 with 50 Android games at launch.

Nvidia also announced the GRID subscription store, a paid service which grants streaming of several triple A games at 720. New games can be purchased and play in addition to the additional paid subscription.

According to Huang, GRID will "do for gaming what Netflix did for videos. Do what Spotify did for music." GRID will have an approximate response time of 150ms, what Nvidia dubs "half the time it takes for an eye to blink."

Two subscription models will be available when GRID launches in May; one basic and one premium. Games on the GRID will not require downloading as they will be streamed via the cloud.

This is a breaking news story. Additional details to follow.