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Tech Brew Ride Home

Thu. 08/24 – Nvidia Blows The Roof Off The Place

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 24 August 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

Nvidia gives new meaning to the words “earnings beat.” Meta announces Code Llama. TikTok might start banning links to Amazon. SpaceX wants Starlink to be viable in cities too. And turning thoughts into speech via an AI interface becomes real. Links: Nvidia tops estimates and says sales will jump 170% this quarter, driven by demand for AI chips (CNBC) Meta launches own AI code-writing tool: Code Llama (The Verge) TikTok Shop on Track to Lose More Than $500 Million in U.S. This Year (The Information) Epic offers devs 100 percent of net revenue for six months of EGS exclusivity (Engadget) SpaceX Working with Cloudflare to Speed Up Starlink Service (The Information) Brain implants give a voice to people who cannot speak (FT) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Right Home for Thursday, August 24th,

0:07.0

2023. I'm Brian McCullough today.

0:09.0

Invidia gives new meeting to the words earnings beat.

0:12.0

Meta announces code llama, Tic-Toc might

0:14.8

start banning links to Amazon. Spacex wants Starlink to be viable in cities too and

0:20.4

turning thoughts into speech via an AI interface becomes real.

0:24.4

Here's what you miss today in the world of tech.

0:26.4

Well as people were anticipating, and Vidia had an earnings call for the ages yesterday

0:37.0

reporting Q2 revenue up 101% year over year to $13.51 billion versus the estimated revenue number was $11.22 billion, so that's quite the beat.

0:53.0

Also, data center revenue was up 171% year over year to 10.32 billion dollars.

0:59.0

Let me pause for a second and underline that.

1:02.0

We've spoken about the data center business and how that was a growth area for

1:04.8

NVIDIA. Also how in this new AI era, it's kind of all cloud. You don't tend to run, you know, an

1:11.9

LLLM locally, but in the cloud via say chat gpets

1:16.0

APIs anyway data center revenue grew 171% year over year but that hides the

1:22.2

really impressive number which is that

1:24.0

NVIDIA grew data center sales 141% quarter over quarter which is to say

1:30.0

two quarters ago data center sales were 4.3 billion dollars.

1:34.3

Last quarter they were 10.3 billion dollars.

1:38.3

They grew that much in three months.

1:41.6

Something, something everyone's trying to buy their chips to deploy

1:46.1

LLLMs. Quoting CMBC with more superlatives, remember they just reported

...

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