Chip giant Nvidia reported its third-quarter earnings earlier today, and all ears--and presumably some watch parties--were tuned in to try to determine what the company's performance might mean for the near future of the artificial intelligence industry as a whole. The fate of the company's newest AI chip, Blackwell, was a major focus after production issues caused shipments to be delayed for several months earlier this year. On Sunday, The Information also reported that Blackwell chips were overheating when connected together in Nvidia's customized server racks, prompting the company to make design changes. But Nvidia cofounder and CEO Jensen Huang told analysts and investors on its earnings call today that now Blackwell production "is in full steam." "We will deliver this quarter more Blackwells than we had previously estimated," Huang said.

In less than two years, NVIDIA's H100 chips, which are used by nearly every AI company in the world to train large language models that power services like ChatGPT, made it one of the world's most valuable companies. On Monday, NVIDIA announced a next-generation platform called Blackwell, whose chips are between seven and 30 times faster than the H100 and use 25 times less power. "Blackwell GPUs are the engine to power this new Industrial Revolution," said NVIDIA CEO Jensen Huang at the company's annual GTC event in San Jose attended by thousands of developers, and which some compared to a Taylor Swift concert. "Generative AI is the defining technology of our time. Working with the most dynamic companies in the world, we will realize the promise of AI for every industry," Huang added in a press release.