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Nvidia forecasts Q4 revenue above estimates despite AI bubble concerns

Al Jazeera

Nvidia has forecast fourth-quarter revenue above Wall Street estimates and is betting on booming demand for its AI chips from cloud providers even as widespread concerns of an artificial intelligence bubble grow stronger. The world's most valuable company expects fourth-quarter sales of $65bn, plus or minus 2 percent, compared with analysts' average estimate of $61.66bn, according to data compiled by LSEG. Anthropic's AI hacking claims divide experts "The AI ecosystem is scaling fast with more new foundation model makers, more AI start-ups across more industries and in more countries. AI is going everywhere, doing everything, all at once," Nvidia CEO Jensen Huang said in a statement. Before the results, doubts had pushed Nvidia shares down nearly 8 percent in November after a 1,200 percent surge in the past three years.


Nvidia CEO Jensen Huang Is Bananas for Google Gemini's AI Image Generator

WIRED

Nvidia CEO Jensen Huang Is Bananas for Google Gemini's AI Image Generator The Nvidia CEO reveals his consuming love for Google's image generator, the artsy side of Grok, and what exactly he uses Perplexity, Gemini, and ChatGPT for right now. Nvidia CEO Jensen Huang is in London, standing in front of a room full of journalists, outing himself as a huge fan of Gemini's Nano Banana . "How could anyone not love Nano Banana? I mean Nano Banana, how good is that? Tell me it's not true!" "Tell me it's not true! I was just talking to Demis [Hassabis, CEO of DeepMind ] yesterday and I said'How about that Nano Banana! It looks like lots of people agree with him: The popularity of the Nano Banana AI image generator--which launched in August and allows users to make precise edits to AI images while preserving the quality of faces, animals, or other objects in the background--has caused a 300 million image surge for Gemini in the first few days in September already, according to a post on X by Josh Woodward, VP of Google Labs and Google Gemini. Huang, whose company was among a cohort of big US technology companies to announce investments into data centers, supercomputers, and AI research in the UK on Tuesday, is on a high. Speaking ahead of a white-tie event with UK prime minister Keir Starmer (where he plans to wear custom black leather tails), he's boisterously optimistic about the future of AI in the UK, saying the country is "too humble" about the country's potential for AI advancements. He cites the UK's pedigree in themes as wide as the industrial revolution, steam trains, DeepMind (now owned by Google), and university researchers, as well as other tangential skills. "No one fries food better than you do," he quips. Nvidia announced a $683 million equity investment in datacenter builder Nscale this week, a move that--alongside investments from OpenAI and Microsoft--has propelled the company to the epicenter of this AI push in the UK. Huang estimates that Nscale will generate more than $68 billion in revenues over six years. "I'll go on record to say I'm the best thing that's ever happened to him," he says, referring to Nscale CEO Josh Payne. "As AI services get deployed--I'm sure that all of you use it.


Robot wars: Nvidia unveils stunning Wall-E-style robot sparking Boston Dynamics to hit back with cartwheeling humanoid

Daily Mail - Science & tech

For any homeowner, having a helpful robot companion around the home is the stuff of sci-fi-worthy dreams. But American tech firm Nvidia is now among the companies keen to make this a reality. In California on Tuesday, the chip giant unveiled Blue, a cute advanced AI-powered robot with two legs, just 3 feet tall. Footage shows Blue – which looks like the robot from the Pixar classic Wall-E – walk onto the stage as it's introduced by Nvidia CEO Jensen Huang. 'Tell me that wasn't amazing,' Huang says to the audience, as Blue waddles up to him with a similar gait to a duck.


Everything NVIDIA CEO Jensen Huang announced at its CES 2025 keynote

Engadget

NVIDIA held its CES 2025 keynote last night with CEO Jensen Huang and it was surprisingly eventful. The company finally unveiled its much awaited GeForce RTX 5000 GPUs that promise a considerable performance uplift, to start with. Here's a wrap-up of what happened -- and you can watch the whole event uncut, via the YouTube embed below. Huang strode out in a new snakeskin-like leather jacket and revealed the much-anticipated RTX 5090 GPU. With 32GB of GDDR7 RAM and an impressive 21,760 CUDA cores, the new flagship can deliver up to twice as much relative performance, particularly for ray-tracing (RT) intensive games like Cyberpunk 2077. In fact that particular title ran at 234 fps with full RT on in a video demo, compared to 109 fps on the RTX 4090.

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  Industry: Information Technology > Hardware (0.76)

Nvidia CEO Jensen Huang's big bet on A.I. is paying off as his core technology powers ChatGPT

#artificialintelligence

For about a quarter century, Nvidia has been leading the revolution in computer graphics, becoming a beloved brand by gamers along the way. Nvidia dominates the market for graphics processing units (GPUs), which it entered in 1999 with the GeForce 256. Gaming brought in over $9 billion in revenue for Nvidia last year despite a recent downturn. But Nvidia's latest earnings beat points to a new phenomenon in the GPU business. The technology is now at the center of the boom in artificial intelligence.



University of Florida, NVIDIA to Build Fastest AI Supercomputer in Academia – The Official NVIDIA Blog

#artificialintelligence

The University of Florida and NVIDIA Tuesday unveiled a plan to build the world's fastest AI supercomputer in academia, delivering 700 petaflops of AI performance. The effort is anchored by a $50 million gift: $25 million from alumnus and NVIDIA co-founder Chris Malachowsky and $25 million in hardware, software, training and services from NVIDIA. "We've created a replicable, powerful model of public-private cooperation for everyone's benefit," said Malachowsky, who serves as an NVIDIA Fellow, in an online event featuring leaders from both the UF and NVIDIA. UF will invest an additional $20 million to create an AI-centric supercomputing and data center. The $70 million public-private partnership promises to make UF one of the leading AI universities in the country, advance academic research and help address some of the state's most complex challenges.


University of Florida, NVIDIA to Build Fastest AI Supercomputer in Academia

#artificialintelligence

The University of Florida and NVIDIA Tuesday unveiled a plan to build the world's fastest AI supercomputer in academia, delivering 700 petaflops of AI performance. The effort is anchored by a $50 million gift: $25 million from alumnus and NVIDIA co-founder Chris Malachowsky and $25 million in hardware, software, training and services from NVIDIA. "We've created a replicable, powerful model of public-private cooperation for everyone's benefit," said Malachowsky, who serves as an NVIDIA Fellow, in an online event featuring leaders from both the UF and NVIDIA. UF will invest an additional $20 million to create an AI-centric supercomputing and data center. The $70 million public-private partnership promises to make UF one of the leading AI universities in the country, advance academic research and help address some of the state's most complex challenges.


Nvidia CEO: AI is the single most powerful force of our time

#artificialintelligence

Nvidia CEO Jensen Huang said AI would drive long-term demand because it is the "single most powerful force of our time." Nvidia reported earnings and revenues that beat analysts' expectations as demand for graphics and artificial intelligence chips picked up in the second fiscal quarter. Huang also said his company's near-term growth will come from gaming and a couple of variants of the company's artificial intelligence chip business: inferencing and AI at the edge. During a conference call with analysts, Huang said artificial intelligence is the "single most powerful force of our time" and that there are more than 4,000 AI startups working with the company -- as compared to 2,000 AI startups in April 2017. In an interview with VentureBeat, Huang said the actual number of AI startups Nvidia is tracking is closer to 4,500.


Nvidia CEO: AI is the single most powerful force of our time

#artificialintelligence

Nvidia CEO Jensen Huang said AI would drive long-term demand because it is the "single most powerful force of our time." Nvidia reported earnings and revenues that beat analysts' expectations as demand for graphics and artificial intelligence chips picked up in the second fiscal quarter. Huang also said his company's near-term growth will come from gaming and a couple of variants of the company's artificial intelligence chip business: inferencing and AI at the edge. During a conference call with analysts, Huang said artificial intelligence is the "single most powerful force of our time" and that there are more than 4,000 AI startups working with the company -- as compared to 2,000 AI startups in April 2017. In an interview with VentureBeat, Huang said the actual number of AI startups Nvidia is tracking is closer to 4,500.