The past 12 months have seen artificial intelligence computing company Nvidia go stratospheric as the generative AI boom saw it become one of the most valuable companies in the world. And CEO Jensen Huang says that shows no sign of abating thanks to the expected surge in AI video.— a multimodal model that can interact in different mediums — CEO Jensen Huang expects AI-generated video to drive even more demand for the company’s chips.
“You’ve got 3D video and you’ve got a whole bunch of stuff you’re learning from. So those systems are going to be quite large.”The AI boom has turbocharged chipmakers; Nvidia’s stock price stands above $1,000 at the time of writing. On Wednesday, the company based in Santa Clara, California upgraded its quarterly revenue estimates after a five-fold growth in sales at its data center unit in the first quarter of 2024.
The California company’s data center revenue in the fourth quarter was up 409% year-over-year, and full-year total revenue increased 126% to $60.9 billion.
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