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CRE + AI BubbleGFC + Dotcom bubble rolled into one?Worth a...

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13/03/24

21:34

Post #: 72871716
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Originally posted by breadwinner1: ↑

Sales related to AI workloads are reported in Nvidia’s Data Center segment, which now accounts for the bulk of the company’s revenue. The unit reported revenue of $18.4 billion, up by 409% from a year earlier. Within that segment, more than half of all sales were attributed to large cloud infrastructure providers such as Amazon Web Services Inc.Ever since OpenAI launched ChatGPT in November 2022, Nvidia has seen huge demand for its GPUs from technology giants such as Alphabet Inc. and Microsoft Corp., as well as generative AI startups such as Anthropic PMC and Cohere Inc., as they race with one another to launch increasingly powerful large language models that can perform more tasks. Generative AI models require massive amounts of computing power.Last month, for instance, Meta Platforms Inc. CEO Mark Zuckerberg revealed that his company intends to buy more than 350,000 of Nvidia’s H100 GPUs by the end of the year, a statement that suggests it will spend billions of dollars on the chipmaker’s products.

https://siliconangle.com/2024/02/21/nvidias-data-center-gpu-sales-grow-stunning-409-huge-demand-ai-chips/

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CRE + AI Bubble

GFC + Dotcom bubble rolled into one?

Worth a listen

https://rumble.com/v4ho4li-coffee-and-a-mike-episode-763-with-jack-gamble-host-of-nobody-special-finan.html

Value at posting: 2,958.8
2 Upvote

0 Great analysis

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