NVIDIA, a global technology powerhouse, is making waves in the tech industry, holding about 80% of the accelerator market in AI data centres operated by major players like AWS, Google Cloud, and Microsoft Azure. Recently hitting a monumental $2 trillion market value, NVIDIA’s stock market soared by $277 billion in a single day – a historic moment on Wall Street.
In a remarkable financial stride, NVIDIA reported a staggering $22.1 billion in revenue, showcasing a 22% sequential growth and an astounding 265% year-on-year increase. Colette Kress, NVIDIA’s CFO, emphasised that we are at the brink of a new computing era.
Jensen Huang, NVIDIA’s CEO, highlighted the integral role their GPUs play in our daily interactions with AI. From ChatGPT to video editing platforms like Runway, NVIDIA is the driving force behind these advancements, positioning itself as a leader in the ongoing industrial revolution.
The company’s influence extends to generative AI startups like Anthropic and Inflection, relying on NVIDIA GPUs, specifically RTX 5000 and H100s, to power their services. Notably, Meta’s Mark Zuckerberg disclosed plans to acquire 350K NVIDIA H100s, emphasising NVIDIA’s pivotal role in training advanced AI models.
NVIDIA is not only a tech giant but also a patron of innovation, investing in over 30 AI startups, including Adept, AI21, and Character.ai. The company is actively engaged in healthcare and drug discovery, with investments in Recursion Pharmaceuticals and its BioNeMo AI
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