Nvidia profits soar on demand for AI power - News Summed Up

Nvidia profits soar on demand for AI power


Nvidia says nations interested in building their own 'sovereign AI' are among the customers driving demand for its chips. Demand was strong for sophisticated GPU (graphics processing units) tailored for the demands of training artificial intelligence models, according to Huang. In a promising sign, interest in generative AI is expanding beyond cloud computing titans to consumer internet, automotive, and healthcare companies as well as nations seeking to build sovereign AI, Huang said. In regions outside the United States, "sovereign AI" systems are adding to demand for Nvidia chips, according to Nvidia. Sovereign AI infrastructure is being built in Canada, France, Japan and many other countries, according to Huang.


Source: Daily Nation May 23, 2024 03:51 UTC



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