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Nvidia proves that corporate appetites for AI aren’t letting up

February 25, 2024
Emerging Tech Brew
Contributed by: Drex DeFord
Summary
Nvidia's AI chips power most tech giants, making its earnings an AI health indicator. The company's recent earnings report exceeds expectations, with a $22.1 billion quarterly revenue and 265% YoY increase. Now the third-most-valuable US public company, Nvidia plans to double the world’s data center infrastructure in five years. AI supercomputers likened to "AI generation factories" support the next industrial revolution. However, sales in China have significantly dropped due to US export restrictions and tech companies like Microsoft, Amazon, and Google are developing their own AI chips.
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