Nvidia rides the AI wave as profits, revenue rise

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Nvidia's quarterly results show a significant increase in revenue, with a 101% rise from the previous year. The demand for Nvidia's GPUs is high, particularly for generative AI models. The company's Data Centre division also saw strong revenue growth. Nvidia's GPUs are well-suited for generative AI as they accelerate the mathematical operations required for training neural networks. The company has already announced the next generation of chips for AI models. CEO Jensen Huang believes that a new era of computing has begun, with companies worldwide transitioning to accelerated computing and generative AI.

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