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This week, the Nvidia had the spotlight focused on it due to a boom caused by AI in a balance sheet released by analysts Wall Street. Thus, the chip manufacturing company saw profits rise to almost US$12.3 billion (R$60.7 billion, at current prices). The values refer to the quarter ended in January – above the US$ 1.4 billion recorded in the previous year.
Given the frightening growth, the company’s sales projection Nvidia boosted tech stocks and left a trail of optimism in world markets. That’s because last year was quite innovative for artificial intelligence, but no other company benefited from the trend as much as the chipmaker. The value recorded represented an increase of 769% compared to the same period in 2023.
A Nvidia has been considered crucial for the growth of AI. The chipmaker has unparalleled results in producing processors that power artificial intelligence systems, including for generative AI — new technology that can create text, images and other media. Thus, the company forecasts revenues of US$24 billion in the next quarter of this year.
More and more people are getting Nvidia now and if you are the only few who still think it’s a hardware chip company, watch this. The best 90 seconds one could spend. $NVDA
— The AI Investor (@The_AI_Investor) February 23, 2024
MORE AI!
Throughout this week, the Samsung revealed details of the arrival of Galaxy AI on cell phones launched in 2023. Thus, the idea is that the artificial intelligence feature will reach devices in March. In an official statement, TM Rohpresident and head of mobile experience business, explained the company’s plans to connect users with the AI.
“Our goal with Galaxy AI is not just to pioneer, but also to empower users by making AI more accessible. This is just the beginning of Galaxy AI. We plan to bring the experience to more than 100 million Galaxy users in 2024. In addition toand continue to innovate ways to leverage the limitless possibilities of mobile AI”, stated the president TM Roh.
Source: Atrevida
Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.
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