San Francisco: Chip giant Nvidia, which reported over $14 billion in profit for the quarter ended April 28, will now design fresh artificial intelligence (AI)-based chips every year instead of once every two years.
Nvidia founder and CEO Jensen Huang said that after the Blackwell AI platform, “we’re in a yearly rhythm.”
The chipmaker reported revenue of $26 billion for the quarter, up 18 percent from the previous quarter and up 262 percent from a year ago.
Huang told analysts during an earnings call early Thursday morning that the next industrial revolution has begun.
“Companies and countries are working with Nvidia to move trillion-dollar classic data centers to accelerated computing and build a fresh type of data center – artificial intelligence factories – to produce a fresh commodity: artificial intelligence,” he emphasized.
Artificial intelligence will bring significant productivity gains to almost every industry and support companies become more cost and energy capable while increasing revenue opportunities, Nvidia’s CEO added.
The company’s data center growth was driven by mighty and growing demand for generative AI training and inference on the Hopper platform.
“We are ready for the next wave of growth. The Blackwell platform is in full production and provides the foundation for generative artificial intelligence at the scale of trillions of parameters,” the company said.
The company also announced a 10-to-one forward stock split on outstanding common stock to make stock ownership more accessible to employees and investors.
