Nvidia: Boss says AI at 'tipping point' as revenues soar

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The artificial intelligence boom has helped Nvidia become one of the most valuable firms in the US.

The boss of the world's most valuable chip maker Nvidia said artificial intelligence is at a "tipping point" as it announced record sales.

"We're starting to see mainstream usage of AI," he added, highlighting that AI is not longer only used by specialised technology companies.Its data centre business contributed the vast majority of its revenues in the most recent quarter after growing more than than five-fold over the last year. Ipek Ozkardeskaya, a senior analyst at Swissquote, told the BBC that Nvidia's results had been "unusually amazing"."Nvidia... will see challenges on the way up because first the revenue growth will likely stabilise and the euphoria regarding these growth and growth perceptions will level out," she said.

 

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