Nvidia made no point out of cryptocurrency or crypto mining chips and minimal references to gaming in its newest earnings name launched on Aug. 23, as AI dominated the narrative round progress drivers and new choices.
Primarily based on the frequency and context of mentions, the transcript signifies a better emphasis on AI than gaming, Nvidia’s core progress space pre-2020. AI now seems to be the first focus space for Nvidia concerning new merchandise and income progress alternatives.
Gaming, or video games, was talked about 11 instances through the name, whereas AI got here up greater than seven instances extra often at 75. Crypto, blockchain, or mining weren’t stated as soon as.
Nvidia report income.
As CryptoSlate reported, NVIDIA noticed report income of $13.51 billion in Q2 2023, representing triple-digit progress pushed primarily by its knowledge heart section.
The transcript reveals Nvidia’s knowledge heart income grew 171% year-over-year to $10.32 billion, citing surging demand for its HGX methods optimized for coaching and working giant generative AI fashions.
Nvidia additionally introduced partnerships and merchandise to extend enterprise adoption of generative AI. This consists of collaborations with VMware, Snowflake, ServiceNow, and others to allow enterprises to leverage Nvidia’s AI infrastructure and construct custom-made fashions securely.
The corporate additionally unveiled its new L40S GPU focused at scale-out AI inference workloads past its high-end H100 GPUs. With L40S ramping manufacturing and broad OEM assist, Nvidia goals to deal with the exponential demand for accelerated computing infrastructure.
As Nvidia’s CEO, Jensen Huang, highlighted, the world is transitioning considerably to accelerated computing and AI-focused platforms. With over $1 trillion in knowledge heart infrastructure set to shift on this route, Nvidia sees multi-year progress pushed by its two-decade headstart in accelerated computing and generative AI capabilities.
Nvidia is quickly innovating its product stack to seize the increasing AI market, introducing new architectures and chips each six months. It goals to realize vital provide growth by means of 2023 to satisfy the surging world demand.
In the meantime, Nvidia’s previous deal with crypto mining seems to be fading. Its CMP chips for mining noticed declining income in earlier quarters. With no mentions of crypto mining or associated merchandise within the newest earnings launch, Nvidia appears to be distancing itself from blockchain functions because it rides the generative AI wave.
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