I think you have to update your motherboard bios, not your video card one(if possible, do it too). We need to know your motherboard manufacturer and the model to find a bios. btw, when you meant that your chipset was nvidia, you meant your video card, right?(unless you have a nForce). Check again if your video card is correctly installed, and the monitor is correctly connected to it.
Ok what bios are you using (eg award, ami etc..) What exactly is the bleep code that you are getting (combination of short bleeps/long bleeps etc...) If you are getting a bleep code it means that an error has occured before the video card can be started. You can lookup these codes on in some mobo manuals.