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Nvidia CEO: Gaming will be huge, but so will AI and data center businesses

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Nvidia reported a stellar quarter for the three months ended October 31. Nvidia had $2.6 billion in revenue in the quarter, and $1.5 billion of it came from graphics chips for gaming PCs. But the company's investment in artificial intelligence chips is paying off, with data center growing beyond $500 million in revenue for the first time. Jensen Huang, CEO of Santa Clara, California-based Nvidia, said his company started investing in AI seven years ago, and that its latest AI chips are the result of years of work by several thousand engineers. That has given the company an edge in AI, and other rivals are scrambling to keep up, he said.


Nvidia CEO: Gaming will be huge, but so will AI and data center businesses

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Nvidia reported a stellar quarter for the three months ended October 31. Nvidia had $2.6 billion in revenue in the quarter, and $1.5 billion of it came from graphics chips for gaming PCs. But the company's investment in artificial intelligence chips is paying off, with data center growing beyond $500 million in revenue for the first time. Jensen Huang, CEO of Santa Clara, California-based Nvidia, said his company started investing in AI seven years ago, and that its latest AI chips are the result of years of work by several thousand engineers. That has given the company an edge in AI, and other rivals are scrambling to keep up, he said.


NVidia $NVDA Earnings Glow With Machine Learning, AI, Bitcoin & Gaming Graphics

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High-performance graphics chip pioneer NVidia reported better than expected fiscal Q3 earnings after the market close on Thursday. NVidia raised the dividend 7 percent to 15 cents a share and intends to return $1.25 billion to shareholders during the next fiscal year. NVidia consistently trumps analysts' expectations and comes just after Sony and gaming stocks Take Two Interactive $TTWO and Activision Blizzard $ATVI delivered strong earnings. NVIDA chips, graphics processors are gaming industry standouts for personal computers and video game consoles. Earnings: EPS $1.33 way ahead of analysts expected EPS of 94 cents on Revenue of $2.64 Billio beats expected 18% revenue growth to $2.36 billion.. "We had a great quarter across all of our growth drivers.


Intel's PC Business Falls Flat, Profits Boom 34%

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In Intel's financial third quarter reported Thursday, the chip giant made $16.1 billion in revenue on earnings of 94 cents per share, beating Wall Street estimates of $15.73 billion in revenue on earnings of 80 cents per share. The PC market continues to be a challenge for Intel. Growth in the company's PC unit was flat over the previous year with $8.9 billion in sales for the quarter. In addition to a slowing market, Intel faces a more competitive Advanced Micro Devices, which just launched its latest chips for laptop computers on Thursday. "We have earnings growth in a market with increasing competition," pointed out Intel CFO Bob Swan in an interview.


IFDAQ Joins NVIDIA Inception Program - Press Release - Digital Journal

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Vienna, Austria -- (SBWIRE) -- 10/30/2017 -- IFDAQ has gained acceptance into NVIDIA's Inception program, a nurture program for exceptional startups revolutionizing industries with advances in AI and data sciences. The Inception program offers customized resources that range from hardware grants to collaboration with NVIDIA's Deep Learning Institute to raising visibility for the unique value and innovations IFDAQ can bring to market using NVIDIA's deep learning platform. There lation ship also includes access to NVIDIA's latest GPU accelerators as well as a global AI and deep learning ecosystem with a massive network of deep learning experts and opinion leaders. "We are honored to be part of NVIDIA's AI-start up family that is fostered with a number of benefits, including early access to state-of-the-art technology,"commented Daryl de Jori, Head of New Technologies and founding member of IFDAQ. "Asan AI-driven technology that generates billions of data sets daily through a series of high-dimensional algorithms, the IFDAQ could also benefit by building smarter calculation processes to shorten computing times.


AWS Announces Availability of P3 Instances for Amazon EC2

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The first instances to include NVIDIA Tesla V100 GPUs, P3 instances are the most powerful GPU instances available in the cloud. P3 instances allow customers to build and deploy advanced applications with up to 14 times better performance than previous-generation Amazon EC2 GPU compute instances, and reduce training of machine learning applications from days to hours. With up to eight NVIDIA Tesla V100 GPUs, P3 instances provide up to one petaflop of mixed-precision, 125 teraflops of single-precision, and 62 teraflops of double-precision floating point performance, as well as a 300 GB/s second-generation NVIDIA NVLink interconnect that enables high-speed, low-latency GPU-to-GPU communication. P3 instances also feature up to 64 vCPUs based on custom Intel Xeon E5 (Broadwell) processors, 488 GB of DRAM, and 25 Gbps of dedicated aggregate network bandwidth using the Elastic Network Adapter (ENA). "When we launched our P2 instances last year, we couldn't believe how quickly people adopted them," said Matt Garman, Vice President of Amazon EC2.


OVO to Accelerate Success of Lippo Group's Diverse Businesses through Deep Business Analytics using Kinetica and NVIDIA Technology

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Distributed, in-memory database enables correlation of customer profile, buying behaviour, sentiment and shopping trends based on cross-industry data sources in sub-seconds JAKARTA, Oct 24, 2017 - (ACN Newswire) - OVO, a member of Lippo Group Digital, has chosen Kinetica, provider of the world's fastest GPU-accelerated analytics database, and NVIDIA to spur innovation in big data and analytics that fully utilize a 360-degree customer view and derive real-time analytics and insights on shopping trends and the digital lifestyle. Lippo Group is a prominent conglomerate with significant investments in digital technologies, education, financial services, healthcare, hospitality, media, IT, telecommunications, real estate, entertainment and retail. Aggressively investing in big data and analytics technology, OVO is Lippo Group Digital's concierge platform, integrating mobile payment, loyalty points, and exclusive priority deals. With the support from Kinetica and NVIDIA, Lippo Group Digital will be the first enterprise to integrate an AI, in-memory, GPU database in Indonesia. Lippo Group Digital's investment in big data and analytics technology aims to consolidate all their customer data that are being generated by all transactional systems from various subsidiaries into a centralized analytics platform.


NVIDIA AI platform promises fully autonomous taxis by 2018: Is it possible?

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On Tuesday, NVIDIA unveiled the world's first artificial intelligence (AI) computer designed to drive fully autonomous vehicles by mid-2018. The new system, named Pegasus, extends the NVIDIA Drive PX AI computing platform to operate vehicles with Level 5 autonomy--without steering wheels, pedals, or mirrors. New types of cars will be invented, resembling offices, living rooms or hotel rooms on wheels. "The company hasn't claimed to have developed all the software, hardware, and data needed for automated driving; it's merely announced that it plans to market a chip that in theory could support the hardware and software envisioned for such a system," Walker Smith said.


Artificial Intelligence, Machine Learning, and Deep Learning: A Primer for Investors @themotleyfool #stocks $GOOGL, $NVDA, $GOOG

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Instead of preprogramming software to complete a specific task, as narrow AI does, machine learning uses algorithms that allow a computer to learn from the vast amounts of data it receives so it can complete a task on its own. International Business Machines uses deep learning powered by NVIDIA's graphics processing units (GPUs) to comb through medical images to find cancer cells. The company makes the graphics processors that are integral in AI, machine learning, and deep learning, and lots of companies already look to NVIDIA's hardware to make their AI software a reality. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Facebook, and Nvidia.


Nvidia hits another record high as AI takes centerstage

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"Our sense is management believes that investors still severely underestimates the impact of AI and the size of the potential market," Evercore analyst C J Muse wrote in a note on Friday after hosting Nvidia's management. Nvidia has been rapidly expanding into newer technologies including artificial intelligence, cloud computing and self-driving cars, away from designing graphics-processing chips for which the company was known for. Bank of America Merrill Lynch analyst Vivek Arya listed Nvidia a "top pick", basing his view "on (Nvidia's) underappreciated transformation from a traditional PC graphics vendor, into a supplier into high-end gaming, enterprise graphics, cloud, accelerated computing and automotive markets," according to Seeking Alpha. In May, Nvidia announced a partnership with Toyota Motor Corp through which the Japanese car maker would use Nvidia's AI technology to develop self-driving vehicle systems planned for the next few years.