Nvidia CEO Jensen Huang says AI has 'hit tipping point' as revenues soar
Chief executive of the world’s leading chip maker Nvidia says that artificial intelligence (AI) has reached a global tipping point, as revenues soar. California-based Nvidia is responsible for more than 70 per cent of AI chip sales, with an even larger hold on training generative AI models. With the AI boom still in full flow, the company posted a barnstorming set of quarterly earnings yesterday. Revenues rose by a whopping 265% to reach $22bn between October 2023 and January 2024, compared to the year before. For 2023 as a whole, turnover reached over $60bn. At the same time, Nvidia became one of the most valuable companies in the Uni...... Read Full article on HadNews