June 20, 2024


Image for article titled Nvidia earnings, OpenAI vs. Scarlett Johansson, and Meta's new council: AI news roundup

Graphic: Images: Nitat Termmee, Justin Sullivan, David Paul Morris/Bloomberg, Justin Sullivan

Nvidia reported its much awaited earnings for the first quarter of fiscal year 2025 — and they didn’t disappoint. The chipmaker reported a record first-quarter revenue of $26 billion, up 262% from the previous year, and beating Wall Street’s expectations. While some analysts were worried of a pause in demand for the company’s powerful Hopper chips, Nvidia reassured investors demand for its Hopper and new Blackwell chips are outpacing supply — and there are even new chips on the way.

Read about this and other AI news from this week.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *