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Nvidia’s role in the AI wave has made it a $2 trillion company
Being the go-to AI chipmaker comes with financial benefits.
As part of its earnings report last week, Nvidia revealed a record $60.9 billion in revenue in 2023, marking a 126 percent increase from 2022. Other companies, like OpenAI, Microsoft, and Intel, are working to decrease reliance on Nvidia with AI chips of their own, but matching its performance and production capabilities is a goal that’s still hard to reach. Last year, Nvidia announced the H200, the successor to its flagship H100 GPU for AI models, which promises higher memory capacity and bandwidth.
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