Despite a 13% YoY decline in revenue, Nvidia's data centre business saw a 14% increase in Q1 revenue thanks to accelerated computing through AI support. The company expects generative AI to infuse every aspect of product, service, and business, with its data centre business growing through language models like ChatGPT. Nvidia also announced its infrastructure and software partnership with Dell for simplified enterprise generative AI deployments via Project Helix. The focus on AI growth prompted CEO and President, Jensen Huang, to describe ChatGPT's emergence as a ChatGPT moment.
Nvidia reaches a $1tn market value and becomes the first chipmaker to do so. The demand for its AI chips has driven the surge, with growth expected to continue.
Workers must understand AI's potential and adapt skills for the evolving industry. Nvidia's CEO suggests prompt engineering can create high-quality work.
Wall Street banks have identified AI as the next big thing, with a potential economic impact of $15.7tn by 2030. Analysts believe Tesla and Nvidia could be the biggest beneficiaries.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?