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NVIDIA | ARS: Annual Report to Security Holders

SEC ·  May 15 04:24

Summary by Moomoo AI

NVIDIA Corporation has released its 2024 Annual Review, highlighting significant advancements and the company's influence on the next industrial revolution through accelerated and generative AI computing. NVIDIA's technology is driving sustainability in data centers with the potential to save 19 terawatt-hours of electricity annually, equivalent to the energy used by 2.9 million passenger cars in a year. The company has developed comprehensive solutions from chips to data centers, including the HGX B100 NVLINK Switch GB200 Superchip Compute Node, and software stacks like TensorRT-LLM and NVIDIA Inference Microservices (NIM). NVIDIA's ecosystem now includes nearly 5 million developers and 40,000 companies, with over 1,600 generative AI companies building on its platform. The company's AI is also making strides in healthcare, life sciences, and tackling...Show More
NVIDIA Corporation has released its 2024 Annual Review, highlighting significant advancements and the company's influence on the next industrial revolution through accelerated and generative AI computing. NVIDIA's technology is driving sustainability in data centers with the potential to save 19 terawatt-hours of electricity annually, equivalent to the energy used by 2.9 million passenger cars in a year. The company has developed comprehensive solutions from chips to data centers, including the HGX B100 NVLINK Switch GB200 Superchip Compute Node, and software stacks like TensorRT-LLM and NVIDIA Inference Microservices (NIM). NVIDIA's ecosystem now includes nearly 5 million developers and 40,000 companies, with over 1,600 generative AI companies building on its platform. The company's AI is also making strides in healthcare, life sciences, and tackling climate change with AI-powered weather forecasting. NVIDIA's automotive advancements include the DRIVE AGX Thor, optimized for generative AI, and partnerships with major car manufacturers. The company's Omniverse platform is set to revolutionize digital twins for industrial applications. Financially, NVIDIA reported a record $60.9 billion in revenue, a 126% increase, with significant growth in its Data Center and Gaming segments. The company's CEO, Jensen Huang, emphasized the transformative potential of generative AI and NVIDIA's central role in the ongoing computing and industrial revolution. The annual meeting is scheduled for June 26, 2024.
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