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 higher emphasis on AI than gaming, Nvidia’s core progress space pre-2020. AI now seems to be the first focus space for Nvidia relating to new merchandise and income progress alternatives.
Gaming, or video games, was talked about 11 occasions through the name, whereas AI got here up greater than seven occasions extra steadily at 75. Crypto, blockchain, or mining weren’t mentioned as soon as.
Nvidia document income.
As CryptoSlate reported, NVIDIA noticed document 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 operating giant generative AI fashions.
Nvidia additionally introduced partnerships and merchandise to extend enterprise adoption of generative AI. This contains 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 help, Nvidia goals to handle 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 course, 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 important provide enlargement by means of 2023 to fulfill the surging international 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 purposes because it rides the generative AI wave.
The submit NVIDIA doubles down on generative AI amid decreasing gaming, crypto focus appeared first on CryptoSlate.
