Nvidia's Profits, Revenue Soar on the Back of the AI Wave

Nvidia’s bet on AI is reaping the rewards for the company.

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The graphics card manufacturer saw a 101% year-on-year rise in its revenue to $13.51 billion in the second quarter of 2023.

The success comes on the back of rising sales of its AI-powered A100 and H100 chips.

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Companies are using these chips to run generative AI models such as ChatGPT and Bard.

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Generative AI is a type of AI that creates content, such as text, images, or music, by learning from existing data patterns.

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Nvidia's Profits, Revenue Soar on the Back of the AI Wave

Nvidia’s bet on AI is reaping the rewards for the company.

The graphics card manufacturer saw a 101% year-on-year rise in its revenue to $13.51 billion in the second quarter of 2023.

The success comes on the back of rising sales of its AI-powered A100 and H100 chips.

Companies are using these chips to run generative AI models such as ChatGPT and Bard.

Generative AI is a type of AI that creates content, such as text, images, or music, by learning from existing data patterns.

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