Nvidia, AI
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Nvidia reported revenue of $57 billion during its fiscal third quarter, 62% higher compared to the same quarter last year. The company’s net income on a GAAP basis was $32 billion, 65% higher year-over-year. Both revenue and profit results beat Wall Street expectations.
Computer chip maker Nvidia is at the head of the artificial intelligence revolution. Its results could determine where markets — and the economy — go next.
The rise in artificial-intelligence technologies is unprecedented, but some predict a stock-market crash that could have knock-on effects for funding and jobs.
New York Democrat Rep. Alexandria Ocasio-Cortez warned Tuesday that a large proportion of this year’s stock market and GDP growth rests on a speculative surge in just a few companies working on artificial intelligence,
6hon MSN
AOC warns we may be in a 'massive' AI bubble with '2008-style threats to economic stability'
Ocasio-Cortez said we may be in a "massive" AI bubble and "we should not entertain a bailout of these corporations" if it pops.
Hugging Face co-founder and CEO Clem Delangue says all the attention is on LLMs, but smaller, specialized models will make sense in many use cases going forward.
Nvidia CEO Jensen Huang offered a technical explanation for why he does not believe artificial intelligence is a "bubble" and demand for advanced hardware is real, durable, and justified -- not speculative.
The poster child for the artificial intelligence boom reported third-quarter earnings after the closing bell and it did not disappoint. Shares rose in after-hours trading as Nvidia surpassed expectations, earning $1.30 per share on $57 billion in sales.
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