Trillion-dollar dreams
Sitting in the middle of the AI revolution is Nvidia (NASDAQ: NVDA). Expectations are sky-high at the graphics processing unit (GPU) maker after revenue more than tripled in 2023’s third quarter (3Q’23), backed by a 279% increase in data centre revenue. The high demand for GPUs was echoed by Meta Platform’s (NASDAQ: META) CEO Mark Zuckerberg...ChatGPT turns 15 months old in February and AI growth is still going strong.
In Microsoft’s latest earnings, CFO Amy Hood said that AI services boosted the growth of its Cloud services segment by six points.
That’s twice as much as the previous quarter, and six times as much as the quarter before that.
What’s making the difference here?
In simple terms, customers are beginning to use AI services.
Last year, the Seattle company worked to deploy its solutions to customers. This year, it is seeing usage increase as customers find use cases for its AI-powered solutions.
And we are just getting started.
