Tag: Nvidia

Nvidia forecasts fourth-quarter revenue above estimates | Fast Company

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Nvidia forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on booming demand for its AI chips from cloud providers against the backdrop of widespread concerns of an artificial intelligence bubble.

The results from the AI chip leader mark a defining moment for Wall Street, as global markets looked to the chip designer to determine if investing billions of dollars in AI infrastructure expansion had resulted in towering valuations that potentially outpaced fundamentals.

The world’s most valuable company expects fiscal fourth-quarter sales of $65 billion, plus or minus 2%, compared with analysts’ average estimate of $61.66 billion, according to data compiled by the London Stock Exchange Group (LSEG).

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Even after Stargate, Oracle, Nvidia, and AMD, OpenAI has more big deals coming soon, Sam Altman says | TechCrunch

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At nearly the same moment as Nvidia CEO Jensen Huang was expressing surprise over OpenAI’s multibillion-dollar deal with competitor AMD — shortly after his company agreed to invest up to $100 billion into the AI model maker — Sam Altman was saying that more such deals are in the works.

Huang appeared on CNBC’s Squawk Box on Wednesday. When asked if he knew about the AMD deal before it was announced, he answered, “Not really.”

As TechCrunch previously reported, OpenAI’s deal with AMD is unusual. AMD has agreed to grant OpenAI large tranches of AMD stock — up to 10% of the company over a period of years, contingent on factors like increases in stock price. In exchange, OpenAI will use and help develop the chipmaker’s next-generation AI GPU chips. This makes OpenAI a shareholder in AMD.

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Nvidia and Qualcomm join Open Source Robotics Alliance to support ROS development | TechCrunch

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The Open Source Robotics Foundation (OSRF) this week announced the launch of the similarly named Open Source Robotics Alliance (OSRA). The new initiative is designed to maintain development for and maintenance of open source robotics projects, with a particular focus on the OSRF’s own robot operating system (ROS).

First released in 2007 by erstwhile Bay Area incubator Willow Garage, ROS has played a foundational role in robotics development for decades. In a show of support, Nvidia and Qualcomm have both signed on as “Platinum” members for the new alliance, along with Alphabet’s X spinout Intrinsic.

“Nvidia develops with ROS 2 to bring accelerated computing and AI to developers, researchers, and commercial applications,” Nvidia VP Gordon Grigor notes in a release tied to the news. “As an inaugural platinum member of OSRA, we will collaborate to advance open-source robotics throughout the ecosystem by aiding development efforts and providing governance and continuity.”

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Hugging Face raises $235M from investors, including Salesforce and Nvidia | TechCrunch

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AI startup Hugging Face has raised $235 million in a Series D funding round, as first reported by The Information, then seemingly verified by Salesforce CEO Marc Benioff on X (formerly known as Twitter). The tranche, which had participation from Google, Amazon, Nvidia, Intel, AMD, Qualcomm, IBM, Salesforce and Sound Ventures, values Hugging Face at $4.5 billion. That’s double the startup’s valuation from May 2022 and reportedly more than 100 times Hugging Face’s annualized revenue, reflecting the enormous appetite for AI and platforms to support its development.

Hugging Face offers a number of data science hosting and development tools, including a GitHub-like hub for AI code repositories, models and datasets, as well as web apps to demo AI-powered applications. It also provides libraries for tasks like dataset processing and evaluating models in addition to an enterprise version of the hub that supports software-as-a-service and on-premises deployments.

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Toyota doubles down on Nvidia tech for self-driving cars | TechCrunch

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Toyota is deepening its relationship with Nvidia as the automaker, and its research arms in Japan and the U.S., ramps up its autonomous vehicle development program.

Nvidia CEO Jensen Huang announced Monday during his keynote at the 2019 GPU Technology Conference that Toyota Research Institute-Advanced Development — the automaker’s Japan-based research arm — is using the chipmaker’s full end-to-end development and production to develop, train and validate its autonomous vehicle technology. The partnership builds on an ongoing collaboration with Toyota and is based on development between engineering teams from Nvidia, TRI-AD in Japan and Toyota Research Institute in the United States.

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