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Tag: Nvidia

Nvidia (NVDA) earnings report Q1 2024

Nvidia (NVDA) earnings report Q1 2024

by AoCEgWtx4o
May 24, 2023
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Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei.Tyrone Siu | ReutersNvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 19% in extended trading. Here's how the company did versus Refinitiv consensus estimates for the quarter ending in April:EPS: $1.09, adjusted, versus $0.92 expectedRevenue: $7.19 billion, versus $6.52 billion expectedNvidia said it expected about $11 billion, plus or minus 2% in revenue, in the current quarter, far surpassing Refinitiv expectations of $1.06 per share on $7.15 billion...

Nvidia NeMo Guardrails software stops AI chatbots from ‘hallucinating’

Nvidia NeMo Guardrails software stops AI chatbots from ‘hallucinating’

by AoCEgWtx4o
April 25, 2023
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Nvidia CEO Jensen Huang wearing his usual leather jacket.GettyNvidia announced new software on Tuesday that will help software makers prevent AI models from stating incorrect facts, talking about harmful subjects, or opening up security holes.The software, called NeMo Guardrails, is one example of how the artificial intelligence industry is scrambling to address the "hallucination" issue with the latest generation of large language models, which is a major blocking point for businesses.Large language models, like GPT from Microsoft-backed OpenAI and LaMDA from Google, are trained on terabytes of data to create programs that can spit...

Google reveals its newest A.I. supercomputer, says it beats Nvidia

Google reveals its newest A.I. supercomputer, says it beats Nvidia

by AoCEgWtx4o
April 5, 2023
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Google headquarters is seen in Mountain View, California, United States on September 26, 2022.Tayfun Coskun | Anadolu Agency | Getty ImagesGoogle published details about one of its artificial intelligence supercomputers on Wednesday, saying it is faster and more efficient than competing Nvidia systems, as power-hungry machine learning models continue to be the hottest part of the tech industry.While Nvidia dominates the market for AI model training and deployment, with over 90%, Google has been designing and deploying AI chips called Tensor Processing Units, or TPUs, since 2016.Google is a major AI pioneer, and its...

Sapeon, rival to Nvidia, seeks 0 million valuation; plans new AI chip

Sapeon, rival to Nvidia, seeks $400 million valuation; plans new AI chip

by AoCEgWtx4o
March 1, 2023
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BARCELONA, Spain — Sapeon, a South Korean artificial intelligence chip startup headquartered in California, is raising a funding round that puts its valuation above $400 million, its CEO told CNBC.The startup is backed by massive South Korean firms SK Telecom, memory-chip maker SK Hynix and SK Square, an investment company spun off of SK Telecom.Sapeon designs artificial intelligence semiconductors for data centers, for example those run by cloud computing firms. These AI chips are required for AI applications that require huge amounts of data processing.Currently, U.S. firm Nvidia dominates this market. But a number...

Nvidia (NVDA) earnings Q4 2023

Nvidia (NVDA) earnings Q4 2023

by AoCEgWtx4o
February 22, 2023
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Nvidia Corp CEO Jensen Huang holds one of the company's new RTX 4090 chips for computer gaming in this undated handout photo provided September 20, 2022.Nvidia Corp | via ReutersNvidia stock rose more than 8% in extended trading on Wednesday after the company reported slightly higher revenue and net income than Wall Street expected, despite a year-over-year decrease in both categories. Here's how the chipmaker did versus Refinitiv consensus expectations for the quarter ending January:EPS: $0.88, adjusted, versus expectations of $0.81Revenue: $6.05 billion, versus expectations of $6 billionNvidia reported $0.57 in GAAP net income...

Nvidia, SEC reach deal on cryptocurrency disclosures in 2017

Nvidia, SEC reach deal on cryptocurrency disclosures in 2017

by AoCEgWtx4o
May 8, 2022
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A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California.Justin Sullivan | Getty ImagesNvidia will pay $5.5 million as part of a settlement with the SEC that it did not properly inform investors about how cryptocurrency miners were stoking demand for its graphics cards.Nvidia failed to disclose how cryptocurrency mining drove growth in the second and third fiscal quarters of 2018, which took place in 2017, the SEC said in a filing.The settlement represents the end to a saga in which Nvidia, best known for making...

SoftBank to list chip firm in New York after Nvidia deal fails

SoftBank to list chip firm in New York after Nvidia deal fails

by AoCEgWtx4o
February 9, 2022
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SoftBank Group founder, chairman and CEO Masayoshi Son announces his group's earnings results on May 9, 2019, in Tokyo.Alessandro Di Ciommo | NurPhoto | Getty ImagesLONDON — British chip designer Arm, often called the crown jewel of the U.K. tech industry, is set to shun its home market and list in New York, dealing a major blow to the British government and the London Stock Exchange in the process.The firm will likely be publicly listed on the tech-focused Nasdaq stock market within the fiscal year ending March 31, 2023, according to Masayoshi Son, the...

SoftBank plans to take Arm public after Nvidia takeover deal collapses

SoftBank plans to take Arm public after Nvidia takeover deal collapses

by AoCEgWtx4o
February 8, 2022
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Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021.David Paul Morris | Bloomberg | Getty ImagesNvidia's planned acquisition of Arm from SoftBank has collapsed due to "significant regulatory challenges," the companies said in a joint release Tuesday.The deal was originally announced in 2020 and had a value at the time of $40 billion in Nvidia stock and cash.SoftBank said Arm will now prepare for a public offering within the fiscal year ending March 31, 2023.Arm makes technology that is at the core of every smartphone processor, including Apple's iPhones and Android devices...

Report: Nvidia may soon drop Arm bid

Report: Nvidia may soon drop Arm bid

by AoCEgWtx4o
January 26, 2022
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By the time you read this Nvidia's nearly two-year-long quest to consume mobile chip giant Arm may be over.Bloomberg is reporting that Nvidia may be winding down efforts to close the $40 billion deal for the British semiconductor company after facing opposition in the U.S., in Europe from the European Union, and from China. Essentially, no one outside of Nvidia, Arm, and Softbank, Arm's current owner, liked the deal.Softbank, according to the report, might soon prep Arm Holdings for an IPO. TechRadar has reached out to Nvidia for comment and will update this post...