Ivana SPEAR just published Spear's AI primer and ecosystem map!
While most people are focused on the application layer (e.g., ChatGPT, Copilot 365), there is much more to the AI opportunity.
The race for AI dominance in one graph 👇🏼
GPU Shipments
Nvdia in a virtuous cycle?
As highlighted, by Kakashii, Nvidia is somewhat fuelling their own growth by investing in AI startups which will purchase their AI chips! Indeed, Nvidia is one of generative AI’s most active investors. Let's review some of the deals the chipmaker is backing. Behind the scenes, Nvidia has been investing heavily in generative AI companies. The chipmaker’s overall deal activity has climbed dramatically in 2023 (see chart below)
$NVDA Apparently, somebody is buying a lot of chips in Singapore
That country now represents 15% of total sales, up from 9% last year. Chinese sanction evasion for higher powered chips? Source: Jaguar Analytics
A look back on just how rapid Nvidia's $NVDA data center growth has been
· +79.7% CAGR since Q3 FY17's $240M revenue. · Reached record levels at $1.9B in Q3 FY21. · Grown 664% since then to $14.51B in Q3 FY24. · Projected to reach $46.6B in FY24, 56x more than FY17's $830M. Source: Beth Kindig
BREAKING: In a sudden turn of events, OpenAI signs agreement to bring Sam Altman back to the company as CEO
There will be a new board of directors initially consisting of Bret Taylor, Larry Summers, and Adam D'Angelo. Less than 1 week after Sam Altman was fired, OpenAI is welcoming him back. In a statement from the company, they are "collaborating to figure out the details."
$NVDA Q3'24 Highlights
"NVIDIA GPUs, CPUs, networking, AI foundry services and NVIDIA AI Enterprise software are all growth engines in full throttle. The era of generative AI is taking off" – Co-founder & CEO, Jensen Huang Revenue +206% *Data Center +279% *Gaming +81% *Professional Vis. +108% *Automotive +4% EBIT +1,633% *marg. 64% (26%) EPS +1,274% Source: Quartr
Moments ago nvidia reported blowout Q3 earnings with revenue tripling as AI chip boom continues
However, it warns of "significant" China slowdown, guidance matches whisper range; stock is down 1% after-hours... The blowout earnings were certainly good news... but the warning about declining China sales and the guidance which only tagged the top end of the whisper guidance, that was not quite as exciting, and as a result, the stock initially dumped as much as $30 after hours, before recovering most of its losses, but has since resumed drifting 1% lower, setting up the stock for its first post-earnings drop since the advent of ChatGPT almost exactly one year ago. Source: App Economy Insights
