Text: Yang Jianyong.
This year, Nvidia continues to hit new highs in the capital market, with a market capitalization of up to 134 trillion US dollars, about 96 trillion yuan. This market capitalization is directly comparable to Amazon. You must know that it continued to climb last year, and in 2023, the cumulative ** will exceed 2As much as 4 times, the strong trend continued at the beginning of the year.
AI is at an inflection point, preparing for widespread adoption in every industry. From start-ups to large enterprises, we're seeing a growing interest in the versatility and capabilities of generative AI. Nvidia CEO Jensen Huang said. We are committed to helping our clients take advantage of breakthroughs in generative AI and large language models.
Of course, there are also huge risks behind Nvidia's soaring, and we must be vigilant against the hidden dangers hidden after the surge. But on the whole, under the wave of generative AI, NVIDIA is undoubtedly one of the biggest winners of this wave, providing strong computing power support for large models.
Driven by ChatGPT, artificial intelligence has entered the era of large models. Technology giants including Google, Meta, Amazon Web Services, Huawei, and Alibaba have successively launched large-scale model services.
NVIDIA and Amazon Web Services will combine the best of both companies' technologies, whether it's next-generation GPUs, CPUs, and AI software from NVIDIA's latest multi-node system, to AWS Nitro System's advanced virtualization and security features, Elastic Fabric Adapter (EFA) interconnect, and scalability UltraCluster, all of which are ideal for training foundational models and building generative AI applications.
The chip is the commanding height, and the large model is inseparable from the high-performance GPU. As a global GPU leader, NVIDIA GPUs in the market are hard to find, which in turn drives revenue growth at a rate of exponential growth.
In the third quarter of fiscal 2024, Nvidia's revenue from data centers reached $14.5 billion, an increase of 279% from the same period last year. total revenue was US$18.1 billion, a year-on-year increase of 206%; Net profit 92$4.3 billion, up from $6.3 billion in the year-ago quarter$800 million, an increase of 1,259%. Revenue is expected to reach $20 billion in the fourth quarter of fiscal 2024, up from $60.0 in the year-ago quarter$5.1 billion, an increase of 230%. And all business indicators exceeded expectations.
For comparison, Intel's revenue fell 8% to $14.2 billion in the third quarter of 2023, and its net profit was 2$9.7 billion, down 71% year-on-year. Among them, the revenue of the data center and artificial intelligence segment was 4.8 billion yuan, a year-on-year decrease of 10%. Intel's sluggish revenue and the deterioration of the PC market have had a huge impact on performance. The data center and artificial intelligence markets also face strong competitive pressure from NVIDIA and AMD. In particular, global technology giants rely on NVIDIA to develop AI technology, driving a surge in market demand for NVIDIA AI.
Generative AI is making significant progress, and Nvidia founder and CEO Jensen Huang said the strong growth shows that industries are undergoing a platform transformation from general-purpose computing to accelerated computing and generative AI.
In addition, according to Gartner's survey, in the era of large models, enterprises will accelerate the upgrade to intelligence. Of these, 98% of leaders believe generative AI will be able to transform the entire operation of the organization. With massive data proliferation and continuous development to provide scalable computing power, generative AI is on the stage of the times.
In a report on AI PCs in the Canalys report, following the explosive growth of generative AI models such as ChatGPT, device-side AI represents the next frontier. Integrating dedicated AI-accelerated hardware into personal computers (PCs) enables amazing innovations in efficiency, productivity, collaboration, and creativity.
He also pointed out that the advent of AI-enabled personal computers (AI PCs) is expected to revive the market and change the user experience, which can be described as a watershed moment for the industry. At the same time, the Canalys**AI personal computer will be rapidly developed and popularized.
At CES 2024, NVIDIA showcased the new GeForce RTX 40 Super GPU, an RTX AI laptop that brings generative AI tools to millions of users. It's also worth noting that NVIDIA has been a leader in the PC space for decades, with more than 100 million RTX GPUs now driving the AI PC era.
It's worth noting that generative AI has been making a splash since the beginning of last year, with a wave of large models sweeping in. Many businesses are racing to rely on AI's ability to extract text, speech, and ** to generate new content that transforms productivity, innovation, and creativity. Businesses are taking advantage of the trend.
Finally, ChatGPT, driven by ChatGPT, will further promote the development of artificial intelligence, generative AI is reshaping all walks of life and creating huge business value, whether it is in customer experience, efficiency improvement, rapid decision-making and creative innovation, etc., have significant performance. According to McKinsey, deep learning algorithms like OpenAI's ChatGPT, after further training on enterprise data, can create the equivalent of 63 business use cases per year6 trillion to 4$4 trillion in value.
IDC's earlier report also pointed out that in the long run, the innovation and iteration of AI technology will drive the further implementation of application scenarios, and the hot spots represented by AIGC, digital human, multimodality, AI large models, and intelligent decision-making have brought more imagination and possibilities to the market. As companies accelerate their adoption of AI technologies and begin to build best practices for generative AI adoption, NVIDIA's AI experts** will rapidly transform all industries.
Personal opinion, for reference only.
Yang Jianyong is a Forbes China contributor who provides insights into cutting-edge technologies such as the Internet of Things, cloud services, artificial intelligence, and smart homes.