Nvidia CEO Jen-Hsun Huang introducing the Nvidia Spot, a USD 49.95 microphone and speaker that will let owners use Google Assistant anywhere in a home, at the company's CES 2017 keynote (Photo by Ethan Miller/Getty Images) Nvidia continued to see demand for its graphics processors in the emerging world of artificial intelligence in its fourth quarter earnings reported Thursday. In its fourth quarter earnings release, the Santa Clara, Calif.-based company reported revenue of $2.17 billion, up 55% year over year, on earnings per share of $1.13, up 117% a year ago. Wall Street analysts estimated $2.11 billion in revenue on EPS of 83 cents. Traditionally, the company's processors have been mostly used to power the latest gaming graphics, but the chips have become popular to run AI software in the data center and autonomous vehicles. A specific branch of AI, called deep learning, is where Nvidia's processors particularly shine.
Over the past few years the CES trade show has become a familiar post-holidays pilgrimage for many of the country's biggest marketers. They see the event as a way to get a sneak peek at the latest tech gadgets and technologies that can help them engage with their customers. This year marketing executives from companies such as Coca-Cola, Unilever, Johnson & Johnson, Campbell Soup and PepsiCo Inc. made their way to Las Vegas for the gathering. The convention was jam-packed with everything from self-driving cars to robots that play chess to Procter & Gamble's air-freshener spray that can connect with Alphabet Inc.'s Nest home to automatically release pleasant scents in the home. But there was one category that seemed to especially win over marketers: virtual assistants.
Sprint customers in Atlanta, Chicago, Dallas and Kansas City will be among the first to test the company's 5G wireless network when it launches in May, executives said Monday. Expect an additional five markets -- Houston, Los Angeles, New York, Phoenix and Washington, D.C. -- to come online by the first half of the year, said Sprint chief executive Michel Combes. The impending launch could make Sprint the first U.S. wireless carrier to offer a mass-market 5G service for smartphones in a global race to provide faster download speeds and support for new applications such as self-driving cars. Customers of Google Fi, the wireless service run by Google on Sprint's network, will be able to connect to Sprint's 5G capabilities, as well, Combes said -- though it is unclear when Google Fi customers will gain access to 5G smartphones that can take advantage of the new technology. Company officials declined to say how Sprint's 5G plans will be sold to consumers, or at what price.
Apple is set to hold its biggest software event of the year, WWDC, in the middle of June. It'll use the San Francisco event to show off all of the software that's on its way to your Watch, phone and other computers – as well as potentially new Apple devices. The event comes at a big time for Apple. The company is fresh off the back of its first quarter of decline since the iPhone came out, and is feeling the heat from other companies like Google. It will intend to use WWDC as a way of showcasing the software and potentially other products that it hopes will prove its doubters wrong and get the company to grow again.
Google employees, upset over reports of a secretive search engine project for China, have signed a petition asking for more transparency from company leaders. SAN FRANCISCO -- Hundreds of Google employees have signed a petition protesting a secret project to develop a search engine for China, the latest example of tech workers rebelling against corporate policies that push moral boundaries. The employees, who represent a fraction of parent company Alphabet's workforce of 89,000, also were upset by the secrecy of the project and in the petition demanded more transparency about the company's myriad ventures, which range from self-driving cars to advanced artificial intelligence. Google was scheduled to have a regular company-wide meeting between senior leadership and global employees late Thursday, during which in-person and remote staffers can ask any question they want. CEO Sundar Pichai as well as co-founders Sergey Brin and Larry Page have been known to lead the meetings.