Investors now say the company is worth over $3.3 trillion.
Over the past three years, Nvidia has experienced significant growth and innovation, particularly in the realm of artificial intelligence (AI).
The company’s most notable achievements include the release of the H100 AI GPU, which is critical for AI model training and has become a cornerstone in data centers globally. Nvidia’s data center division, primarily driven by AI, has witnessed explosive growth, with quarterly revenue reaching $22.1 billion by early 2024—a 265% increase from the previous year.
This shift underscores Nvidia’s transition from its historical focus on GPUs for gaming to becoming a leader in AI hardware.
In terms of product development, Nvidia has consistently pushed the envelope with new releases. The introduction of the GeForce RTX 40 SUPER Series GPUs in late 2023 exemplified their commitment to high-performance gaming, integrating advanced AI capabilities such as DLSS 3.5 Ray Reconstruction and NVIDIA Reflex.
Beyond gaming, Nvidia’s professional visualization sector also saw growth, with the adoption of Omniverse, a platform for collaborative 3D content creation, and the release of the RTX 2000 Ada Generation GPU, which enhances AI and graphics performance for professional workstations.
Nvidia’s financial performance has mirrored its technological advancements. The company’s annual revenue for the fiscal year 2024 was reported at $60.9 billion, more than doubling from the previous year, driven largely by the demand for AI hardware.
This growth has solidified Nvidia’s position as an industrial leader in AI, with strategic partnerships and deployments across various sectors including cloud computing, automotive, and healthcare. These achievements highlight Nvidia’s pivotal role in the ongoing AI revolution, positioning it at the forefront of technological innovation and market leadership.
This story is from the AppleMagazine #660 edition of AppleMagazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the AppleMagazine #660 edition of AppleMagazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
JAPAN'S NISSAN RESHUFFLES MANAGEMENT TO FIX ITS MONEY-LOSING BUSINESS
Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief financial officer in a major management reshuffle billed as key to a turnaround.
AUSTRALIA PLANS TO TAX DIGITAL PLATFORMS THAT DON'T PAY FOR NEWS
The Australian government said it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations.
NEARLY HALF OF US TEENS ARE ONLINE 'CONSTANTLY,' PEW REPORT FINDS
Nearly half of American teenagers say they are online “constantly” despite concerns about the effects of social media and smartphones on their mental health, according to a new report published by the Pew Research Center.
EPA AWARDS $135 MILLION TO CALIFORNIA TO PHASE OUT BIG DIESEL TRUCKS
The Environmental Protection Agency is awarding $135 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel.
MUSK SAYS US IS DEMANDING HE PAY PENALTY OVER DISCLOSURES OF HIS TWITTER STOCK PURCHASES
Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed or failed to disclose - about his purchases of Twitter stock before he bought the social media platform in 2022.
US HIKES TARIFFS ON IMPORTS OF CHINESE SOLAR WAFERS.POLYSILICON AND TUNGSTEN PRODUCTS
The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses.
TECH TIP: HOW TO PROTECT YOUR COMMUNICATIONS THROUGH ENCRYPTION
After a sprawling hacking campaign exposed the communications of an unknown number of Americans, U.S. cybersecurity officials are advising people to use encryption in their communications.
OPENAI'S LEGAL BATTLE WITH ELON MUSK REVEALS INTERNAL TURMOIL OVER AVOIDING AI 'DICTATORSHIP'
A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence “dictatorship” is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing shift into a for-profit company.
A NEW NEUTRINO DETECTOR IN CHINA AIMS TO SPOT MYSTERIOUS GHOST PARTICLES LURKING AROUND US
Underneath a granite hill in southern China, a massive detector is nearly complete that will sniff out the mysterious ghost particles lurking around us.
ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY
SpaceX is launching a new mission: making its Starbase site a new Texas city.