1 year ago
Nvidia made nary notation of cryptocurrency oregon crypto mining chips and minimal references to gaming successful its latest net telephone released connected Aug. 23, arsenic AI dominated the communicative astir maturation drivers and caller offerings.
Based connected the frequence and discourse of mentions, the transcript indicates a greater accent connected AI than gaming, Nvidia’s halfway maturation country pre-2020. AI present appears to beryllium the superior absorption country for Nvidia regarding caller products and gross maturation opportunities.
Gaming, oregon games, was mentioned 11 times during the call, portion AI came up much than 7 times much often astatine 75. Crypto, blockchain, oregon mining were not said once.
Nvidia grounds revenue.
As CryptoSlate reported, NVIDIA saw grounds gross of $13.51 cardinal successful Q2 2023, representing triple-digit maturation driven chiefly by its information halfway segment.
The transcript reveals Nvidia’s information halfway gross grew 171% year-over-year to $10.32 billion, citing surging request for its HGX systems optimized for grooming and moving ample generative AI models.
Nvidia besides announced partnerships and products to summation endeavor adoption of generative AI. This includes collaborations with VMware, Snowflake, ServiceNow, and others to alteration enterprises to leverage Nvidia’s AI infrastructure and physique customized models securely.
The institution besides unveiled its caller L40S GPU targeted astatine scale-out AI inference workloads beyond its high-end H100 GPUs. With L40S ramping accumulation and wide OEM support, Nvidia aims to code the exponential request for accelerated computing infrastructure.
As Nvidia’s CEO, Jensen Huang, highlighted, the satellite is transitioning importantly to accelerated computing and AI-focused platforms. With implicit $1 trillion successful information halfway infrastructure acceptable to displacement successful this direction, Nvidia sees multi-year maturation driven by its two-decade headstart successful accelerated computing and generative AI capabilities.
Nvidia is rapidly innovating its merchandise stack to seizure the expanding AI market, introducing caller architectures and chips each six months. It aims to execute important proviso enlargement done 2023 to conscionable the surging planetary demand.
Meanwhile, Nvidia’s past absorption connected crypto mining appears to beryllium fading. Its CMP chips for mining saw declining gross successful erstwhile quarters. With nary mentions of crypto mining oregon related products successful the latest net release, Nvidia seems to beryllium distancing itself from blockchain applications arsenic it rides the generative AI wave.
The station NVIDIA doubles down connected generative AI amid reducing gaming, crypto focus appeared archetypal connected CryptoSlate.
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