NVIDIA’s Magnificent Rise to Continue
NVIDIA is $2T and Rising | Notebook LM | Adcreative AI | Elon Musk’s AI Future Interview
Hi, AI Futurists!
The AI pace is almost as fast as the AI itself.
There are currently two main AI competitions among the giants.
LLM GenAI
Thanks to competition between tech giants such as Microsoft, Google, X and Apple about who is going to develop the best LLM using GenAI.
AI Chip Production
Currently, fierce competition among tech giants revolves around developing AI chips and securing market dominance. NVIDIA holds an 80% share, reflected in its stock surge of 279% annually and 65% this year.
Sam Altman seeks a $7 trillion investment, while Softbank’s Masayoshi Son’s Izanagi Fund, with $100 billion, and TSMC, the world’s largest chip manufacturer, stand as NVIDIA’s major competitors.
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- NVIDIA’s Magnificent Rise. Can the Company Become in AI What Google Became in Search?
- Adcreative AI is the Future of Content Creation Automation
- Creating Stunning, Professional, Engaging, Custom Social Media and Ad Copy
- Elon Musk’s AI Future. The Latest 2-Hour X Spaces Podcast with the Visionary on AI
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Jensen Huang invested $200 to co-found NVIDIA in 1993. Now, he owns 3.5% of the company, which amounts to approximately $70 billion according to the almost $2 trillion market cap as the 3rd biggest company in the world thanks to becoming the leader in AI chips, supplying 80% of the demand.
The GPT Moment
Thanks to OpenAI’s LLM GPT launch in November 2022, NVIDIA’s big rise started thanks to its GPU (graphical processing unit) technology, which was originally meant for the gaming industry.
2023 Q4 Earnings Report Results
Thanks to being the leader in producing general-purpose AI chips while being the earliest player in the field (the Tesla Moment), NVIDIA has a great advantage over potential competitors because chip design and production take years and extensive funding.
NVIDIA’s earnings report for Q4 2023 showcased exceptional growth, with a 22% revenue surge from the previous quarter and a staggering 265% increase year-over-year. Data Center revenue reached a record $18.4 billion, contributing significantly to the overall revenue.
With record-breaking quarterly revenue of $22.1 billion and a robust full-year revenue of $60.9 billion, NVIDIA demonstrates strong performance and potential for continued growth in the future.
This resulted in a record $279 billion valuation growth resulting from a 16.5% rise in its stock value. The company is currently valued at $1.94T as the 3rd most valuable company in the world.
The Upcoming NVIDIA GTC AI Conference
According to Jensen Huang, NVIDIA will announce groundbreaking new products and services at the GTC AI Conference offering multi-modality opportunities, which will be held on March 18–21.
You can see the latest Jensen Huang interview following the earnings report here.
Why NVIDIA May Become in AI What Google Became in Search
NVIDIA leads in AI, gaming, and data centers with innovative GPUs, strong brand recognition, and a focus on CUDA architecture. Its seven-year head start in GPU-based AI, talent retention, strategic partnerships, and product innovation contribute to its market dominance.
We may see the moment that NVIDIA becomes the biggest company in the world. All it needs is another 50% rise in its stock value.
You can view the path of NVIDIA becoming the most valuable company in the world from the AI Frontier, February 8th edition.
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Elon Musk is the top visionary in the world who makes almost unimaginable things happen.
This is also the case for AI. OpenAI was founded when Elon Musk and Larry Page discussed creating an open-source AI company. Musk wanted an alternative to Page’s closed-source DeepMind. Initially, Musk funded OpenAI as a non-profit, but it later became a closed-source company, partially owned by Microsoft.
The Latest X Spaces Podcast Interview with Elon Musk
In a recent X Spaces Podcast 2-hour interview, Musk discussed various AI topics, including social media moderation, accuracy enhancement, deepfake concerns, and voice imitation. He also explored AI’s role in simulating reality, addressing censorship challenges, and discussing the future of AI development and its impact on national debt, shedding light on its influence across industries.
Listen to Elon Musk’s Latest Interview
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