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By Glenn CHAPMAN SAN JOSÉ, United States, March 18, 2024 (AFP) – Nvidia on Monday unveiled its latest family of chips for powering artificial intelligence, as it seeks to consolidate its position as the major supplier to the AI frenzy. “We need bigger GPUs. So ladies and gentlemen, I would like to introduce you to a very, very big GPU,” said CEO Jensen Huang at a developers conference in California, referring to the graphics processors […]
By Thomas URBAIN The emergence of AI bots like OpenAI’s ChatGPT and Google’s Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world’s fourth biggest company by market capitalization. And for Wall Street, it’s no bubble. Between the launch of ChatGPT on November 30, 2022, for example, and the market close on February 23, Nvidia’s share price increased fivefold, lifted to investor heaven […]
Nvidia on Wednesday said its profit soared to $12.3 billion in the recently ended quarter on record high revenue driven by demand for its chips to power artificial intelligence. The Silicon Valley chip titan reported record revenue of $22.1 billion in the quarter than ended late January and record high revenue of $60.9 billion for the fiscal year. Profit in the same quarter a year ago was $1.4 billion, while revenue in the same three […]
TAIPEI, Oct 18, 2023 (AFP) – Taiwanese tech giant Foxconn and US hardware leader Nvidia said Wednesday they would team up to create “AI factories”, powerful data processing centres that would drive the manufacturing of next-generation products such as electric cars. The world’s largest contract electronics maker, Foxconn — officially known as Hon Hai Technology Group — already plays a lynchpin role in assembling gadgets for top global brands, including Apple’s iPhone. But it has […]
By Glenn Chapman with Alex PIGMAN in Washington DC US chip giant Nvidia, whose products play a crucial role in artificial intelligence systems, crushed expectations on Wednesday, as the post-ChatGPT AI frenzy continues to lift the tech sector. The Silicon Valley-based company said sales doubled year-on-year to $13.5 billion in the latest completed quarter, leaving a net profit of $6.2 billion — an eye-watering 843 percent higher than a year before. Signaling that the boom […]
