Nvidia Announces New AI Chips Targeting the Chinese Market but Fails to Meet Investor Hopes - Metaverse Post
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In its quarterly financial statement, Nvidia shared that it achieved around $20 billion in revenue and introduced new chips crafted specifically for the Chinese market.
Throughout the year, AI has taken center stage for tech investors, with leading firms emphasizing their advancements in this sphere. Notably, OpenAI's stands out as one of the limited enterprises that have successfully converted this trend into significant financial success, particularly buoyed by the public debut of AI industry ChatGPT, a chatbot powered by an extensive language model.
Nvidia's recent quarterly earnings report revealed an expected revenue of about $20 billion for the current timeframe. Although this exceeded the anticipated average of $17.9 billion, some forecasts climbed as high as $21 billion.
Even though Nvidia showed strong growth during this quarter, it fell short of the heightened expectations from investors who were hoping for even greater returns.
The optimistic perspective was based on the assumption that the AI chips would greatly enhance Nvidia’s revenue. Nevertheless, Nvidia’s ongoing performance remains commendable, especially in light of the implications from U.S. restrictions on China, which have influenced sales.
Nvidia Revises Chips for China to Ensure Compliance with New Regulations
With the release of its quarterly figures, Nvidia also unveiled chips designed exclusively for the Chinese marketplace. This announcement comes shortly after U.S. authorities enacted stricter rules on the sale of high-tech to China. dominate the AI market
These newly introduced chips, labeled HGX H20, L20 PCIe, and L2 PCIe, feature most of Nvidia's advanced AI characteristics. However, some of their computational capabilities have been reduced to meet the new U.S. regulations.
These regulations set restrictions on the level of computing power allowed for chips based on their size. Additionally, there exists a 'grey zone' where certain chips may still qualify for export to China but require a specific license.
Last month, the leading U.S. AI chip manufacturer, known for its innovative graphics processing units Tags: , announced that revised export restrictions would hinder the company from marketing two of its upgraded advanced AI chips—the A800 and H800—initially created for the Chinese market under previous regulations.
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