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AI: Nvidia profits exceed expectations

2024-02-22T07:43:14.305Z

Highlights: American technology giant Nvidia concluded the 2023 financial year in great shape, with 22 billion dollars in turnover and 12.3 billion in net profits. The giant of electronic chips dedicated to artificial intelligence (AI) rode the craze for generative AI and multiplied its profits six-fold over one year, to nearly $30 billion. Nvidia graphics cards power servers in data processing centers, a sector that has become the group's main customer. To discover PODCAST - Listen to the latest episode of our Tech Questions series.


The giant of electronic chips dedicated to artificial intelligence (AI) rode the craze for generative AI and multiplied its profits six-fold over one year, to nearly $30 billion.


A record year.

The American technology giant Nvidia concluded the 2023 financial year in great shape, with 22 billion dollars in turnover and 12.3 billion in net profits between November and January, results well above its forecasts and market expectations. .

The giant of electronic chips dedicated to artificial intelligence (AI) has ridden the craze for generative AI over the past year and interest in these electronic components is not waning.

Nvidia is counting on 24 billion in turnover for the current quarter.

To discover

  • PODCAST - Listen to the latest episode of our Tech Questions series

“Next generation computing and generative AI are at a turning point.

Demand is exploding around the world, from companies, industries and nations

,” said Jensen Huang, founder and CEO of Nvidia, quoted Wednesday in the earnings release.

Essential processors for developing AI

Unknown to the general public until a year ago, the American company has become one of the main companies in the world by manufacturing graphics cards.

These processors, initially used for video games, have become essential to developers of generative artificial intelligence models (OpenAI, Meta, Google, etc.) because they offer the computing power necessary to process massive quantities of data.

Nvidia graphics cards power servers in data processing centers, a sector that has become the group's main customer.

In all, over its entire annual fiscal year that ended at the end of January, the Santa Clara, California-based group earned nearly $61 billion in revenue and increased its profits sixfold, to nearly 30 billion.

Source: lefigaro

All business articles on 2024-02-22

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