NVIDIA doubles down on generative AI amid reducing gaming, crypto focus
Crypto NVIDIA doubles down on generative AI amid reducing gaming, crypto focus 49 Sekunden Bitcoin Ethereum Nachrichten Nvidia made no mention of cryptocurrency or crypto mining chips and minimal references to gaming in its latest earnings call released on Aug. 23, as AI dominated the narrative around growth drivers and new offerings. Based on the frequency and context of mentions, the transcript indicates a greater emphasis on AI than gaming, Nvidias core growth area pre-2020. AI now appears to be the primary focus area for Nvidia regarding new products and revenue growth opportunities. Gaming, or games, was mentioned 11 times during the call, while AI came up more than seven times more frequently at 75. Crypto, blockchain, or mining were not said once. Nvidia record revenue. As CryptoSlate reported, NVIDIA saw record revenue of $13.51 billion in Q2 2023, representing triple-digit growth driven primarily by its data center segment. The transcript reveals Nvidias data center revenue grew 171% year-over-year to $10.32 billion, citing surging demand for its HGX systems optimized for training and running large generative AI models. Nvidia also announced partnerships and products to increase enterprise adoption of generative AI. This includes collaborations with VMware, Snowflake, ServiceNow, and others to enable enterprises to leverage Nvidias AI infrastructure and build