Nvidia has halted some of the transactions under the financing programme it introduced eight weeks ago, in which it extends credit to AI cloud companies buying its chips and takes a cut of what those chips later earn, the Wall Street Journal reported o…
Nvidia shipped its first H200 processors to China under a new US licensing scheme, and they accounted for less than 1% of $89B in quarterly data centre revenue. Its $108B forecast for the current quarter assumes no data centre computing revenue from Ch…
On Nvidia’s earnings call Wednesday, CEO Jensen Huang casually announced the company had “achieved AGI,” one of the tech industry’s ultimate goals some of its biggest players have spent years chasing. Almost immediately, Huang dismissed the coveted milestone as “senseless.” He’s right. For the supposed finish line of the AI race, there is no consensus […]
Nvidia has been in talks to acquire Hugging Face at a valuation above $13bn, according to Business Insider, days after reports that the open-model hub was exploring a sale at roughly that figure. The Information puts the process further along than that…
Nvidia reported revenue of $96.2bn for the quarter, up 106% from the same period last year, and then did something it has never done before by guiding a full year ahead. The shares slipped about 1.3% on the release and only turned sharply higher once c…
Amazon is adding another 2 million Nvidia GPU chips to its data centers over the next two years. But this extended partnerships stretches beyond buying more chips.
Nvidia’s predicting it will pull in $108 billion in revenue within just a few months. It wouldn’t be the first company to rake in over $100 billion in quarterly revenue – Amazon, Apple, and Alphabet have repeatedly reached the milestone. Nvidia said in its latest earnings report that it brought in a record $96.2 billion […]
Huawei has bid to build AI data centres for the Egyptian government. The US State Department is now trying to assemble a rival consortium from Nvidia, AMD and Microsoft. The tender offer proposes exporting 1,408 of Huawei’s top-end Ascend 950-series ch…
Nvidia is expected to report quarterly revenue of $92.18bn, close to double the same period last year and its fastest growth in seven quarters, with analysts forecasting a further rise to $104.20bn in the current quarter. The numbers are not really the…