Nvidia’s Profit Jumps 80 Percent as Company Rides Tech’s AI Boom
The Silicon Valley company, which dominates the market for chips needed to build A.I. systems, said revenue was up 78 percent from a year earlier.
Read more at The New York Times
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Nvidia revenues jump almost 80% on booming AI chip sales
Chief Jensen Huang says demand remains strong despite worries China’s DeepSeek could stymie growthFinancial Times - 4d -
FirstFT: Nvidia revenues beat forecasts and jump nearly 80%
Also in today’s newsletter, Trump threatens EU with tariffs, and 7-Eleven owner’s founding family ditches buyout bidFinancial Times - 3d -
China taps tech talent to boost AI data centre boom
Beijing is pooling resources from the private and state sectors to accelerate adoption of the fast-developing technologyFinancial Times - Feb. 22 -
Nvidia sales grow 78% on AI demand, company gives strong guidance
Nvidia reported fourth-quarter earnings that beat Wall Street expectations. The company also provided strong guidance for the current quarter.CNBC - 4d -
Top tech companies turn to hydrogen and nuclear energy for AI data centers
Silicon Valley is looking at hydrogen and nuclear energy alternatives to meet the energy demands of the AI race.CNBC - 6d -
Profits, Not D.E.I., Are Why Companies Exist
An awkward truth has become evident in the first days of the Trump administration, as many firms mute their commitments to diversity and sustainability.The New York Times - Feb. 21 -
Workday beats estimates for revenue and profit, stock jumps
Workday exceeded analysts' estimates for the quarter and pointed to stronger demand from artificial intelligence products.CNBC - 5d -
Nigel Farage’s media company records £1.25mn profit
Reform UK leader’s earnings boosted by reality show appearance in late 2023Financial Times - 4d -
Virgin Galactic’s new spacecraft looms large as company eyes future profitability
Virgin Galactic Holdings Inc. says it is making progress building its new Delta-class spacecraft, which it says will help unlock the company’s future profitability.MarketWatch - 3d -
DeepSeek raises new questions for Nvidia and the tech giants that hoard its chips
DeepSeek shook the market, but companies like Nvidia are still developing AI platforms that foundation models can use to operate.CNBC - 4d -
Can Nvidia earnings rally the stock market and stop the bleeding in tech?
Highflying “Magnificent Seven” tech stock are in correction territory. Investors are watching Nvidia’s results to assess tech exposure.MarketWatch - 4d -
Why Nvidia earnings report is good news for its Big Tech rivals
AI and chip market is expanding, giving others a chance to share the wealth.MarketWatch - 3d -
If the best defence against AI is more AI, this could be tech’s Oppenheimer moment
An unsettling new book advocates a closer relationship between Silicon Valley and the US government to harness artificial intelligence in the name of national security. Oscar Wilde’s quip, “Life ...The Guardian - 21h -
Alibaba shares jump 14% after pledge to invest ‘aggressively’ in AI
Chinese tech group says it will spend more on artificial intelligence in next three years than over past decadeFinancial Times - Feb. 21 -
Nvidia helps launch AI platform for teaching American Sign Language
Nvidia has unveiled a new AI platform for teaching people how to use American Sign Language to help bridge communication gaps. The Signs platform is creating a validated dataset for sign language ...VentureBeat - Feb. 20 -
The ‘next important test for AI bulls’ happens this week with Nvidia’s earnings
Nvidia’s profit “could have enough substance even if less sizzle,” BofA analysts say.MarketWatch - Feb. 23 -
Nvidia’s Earnings Fueled AI Bulls but Still Gave the Bears More Ammo
The AI stock saw sales surge 78 percent on huge chip demand.Inc. - 3d -
Amazon bets savings from automation can help fuel AI spending boom
US tech giant expected to spend as much as $25bn on warehouse automation in broader efficiency driveFinancial Times - 5d -
How digitally native companies like Rothy's are growing profitably in a new era for retail
Flats maker Rothy's is growing profitably after expanding into wholesale and building its store fleet. In 2024, it saw sales grow 17%.CNBC - 5d -
How digitally native companies like Rothy's are growing profitably in a new era for retail
Direct-to-consumer footwear brand Rothy’s just recorded its best year on record after the company appointed retail veteran Jenny Ming, one of the co-founders of Old Navy, as its CEO.NBC News - 5d -
Microsoft reiterates plan to invest $80 billion in AI, but may 'adjust our infrastructure in some areas'
Microsoft hasn't backed off its plan for the current fiscal year but acknowledged that it may makes some infrastructure adjustments.CNBC - 6d -
Nvidia's auto segment revenue surges to record high on demand for driver-assist tech
U.S. chipmaker Nvidia's auto segment revenue doubled in the latest quarter to its highest on record as demand for driver-assist software picked up.CNBC - 4d -
Huawei improves AI chip production in boost for China’s tech goals
Chinese company improves ‘yield’ of latest semiconductor, despite US efforts to prevent manufacturing advancesFinancial Times - 6d -
Potential cuts at AI Safety Institute stoke concerns in tech industry
Potential cuts to the U.S. AI Safety Institute (AISI) are causing alarm among some in the technology space who fear the development of responsible artificial intelligence (AI) could be at risk as ...The Hill - 5d -
Technology Giants: Stop Bullying Companies Into Buying Agentic AI
Instead, develop an innovative product that relieves customer pain.Inc. - Feb. 20 -
Nvidia beats Wall Street expectations in first earnings after debut of DeepSeek AI
Investors will be eyeing firm’s financials for signs of slowing demand after revelation high-end chips not necessary. Nvidia surpassed investor expectations for the fourth quarter of 2024 with a ...The Guardian - 4d -
Value investor Bill Nygren explains why Nvidia isn’t the best AI stock to own now
Look at companies that use AI effectively — not AI hardware manufacturers — Oakmark Fund manager says.MarketWatch - 4d -
Nvidia CEO Huang says AI has to do ‘100 times more’ computation now than when ChatGPT was released
Nvidia CEO Jensen Huang spoke with CNBC's Jon Fortt following the chipmaker's quarterly earnings report on Wednesday.CNBC - 3d -
As Israel uses US-made AI models in war, concerns arise about tech’s role in who lives and who dies
U.S. tech giants have quietly empowered Israel to track and kill many more alleged militants more quickly in Gaza and Lebanon through a sharp spike in artificial intelligence and computing servicesABC News - Feb. 18 -
Google, Meta execs blast Europe over strict AI regulation as Big Tech ups the ante
Executives at Google and Meta said that Europe's artificial intelligence industry is being held back by excessive regulation.CNBC - Feb. 21 -
Ovomind will show its Gen AI game tech that detects gamer reactions at GDC
Ovomind, an AI and "affective computing" startup, detects player reactions to a game.VentureBeat - 5d -
A Team of Female Founders Is Launching Cloud Security Tech That Could Overhaul AI Protection
Cloud “container” defenses have inconsistencies that can give attackers too much access. A new company, Edera, is taking on that challenge and the problem of the male-dominated startup world.Wired - 5d -
Snowflake gains more than 4% on earnings beat as company expands AI push
Snowflake announced an expanded partnership with Microsoft Azure to offer access to OpenAI models on Wednesday.CNBC - 3d -
Meet the Company Talking Big About Using AI to Render Private Wealth Managers Obsolete
Range hasn’t released a client-facing AI agent yet, but CEO Fahad Hassan claims private wealth managers will be gone in a decade.Inc. - 3d -
60 Minutes Sports: "Speed Riding"
JT Holmes has jumped, skied and flown off Alpine peaks. In 2016, Anderson Cooper met up with him and learned more about one of his extreme sports skills: speed riding with a parachute device called ...CBS News - 4d -
No, it's not the circus. Acrobatics and tumbling, a mashup of gymnastics and cheer, is booming
Acrobatics and tumbling is one of the NCAA's fastest-growing sportsABC News - Feb. 20 -
What's behind the jump in coffee prices
Coffee bean prices have jumped nearly 20% since the beginning of the year after severe drought and flooding over past two years in Brazil and Vietnam have crippled bean production. Kelly O'Grady ...CBS News - 2d
More from The New York Times
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Under Trump, U.S. Dismantles Crypto Crackdown
Going case by case, regulators have halted investigations and withdrawn or paused lawsuits against top crypto companies and their executives.The New York Times - 2d -
Microsoft Will Shut Down Skype in Favor of a Free Version of Teams
The company plans to move users of the pioneering service, which it bought in 2011, to Microsoft Teams.The New York Times - 2d -
Anthropic’s C.E.O., Dario Amodei, on Surviving the A.I. Endgame
“I’m just worried that it’ll be a shock to people when it happens.”The New York Times - 2d -
It’s Like Virtual Reality Goggles for Your Mouth
Scientists tested a device that helped volunteers taste flavors meant to represent distant samples of coffee, lemonade, fried eggs, cake and fish soup.The New York Times - 2d -
Apple Pulls iPhone Security Feature in UK
Law enforcement in the country was pressuring the company to create a tool that would act like a back door into customers’ data.The New York Times - Feb. 21
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