TNB Tech Minute: Nvidia Beats Wall Street Expectations

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 26 February 2025

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, Amazon reveals Alexa+. And America’s oldest bank, BNY, signs a multiyear deal with OpenAI. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Here's the truth about AI. AI is only as powerful as the platform it's built into. Service Now puts AI to work for people across your business, removing friction and frustration for your employees, supercharging productivity for your developers, providing intelligent tools for your service agents to make customers happier, all built into a single platform you can
0:22.0	use right now. That's why the world works with ServiceNow. Visit ServiceNow.com
0:27.9	slash UK slash AI for people. Here's your T&B Tech Minute for Wednesday, February 26th. I'm
0:35.5	Julie Chang for the Wall Street Journal. Starting with earnings,
0:39.2	NVIDIA beat Wall Street expectations. The chip giant reported sharply rising sales and earnings
0:44.6	in its latest quarter. It said sales rose 78% to over $39 billion in the quarter. Net income
0:51.8	rose 80% to $22 billion. Inv Vindia's growth has been powered by its
0:57.3	artificial intelligence chips for more than two years, a boom that has yet to subside. Amazon's Alexa
1:04.3	is getting smarter. The company revealed a revamped version of its voice assistant Alexa Plus at a live event today.
1:12.7	The company says it has more personalized and conversational generative artificial intelligence
1:17.7	features. Alexa Plus will begin to roll out to prime members on some echo devices next month.
1:23.6	Non-prime members can also pay roughly $20 a month for Alexa Plus.
1:28.3	Amazon executives say what makes Alexa Plus unique is its ability to integrate with smart home devices.
1:35.0	CEO Andy Jassy also said Amazon's massive cloud business gives it a big advantage in developing
1:40.7	and providing generative AI services to its customers and clients alike.
1:45.6	And America's oldest bank, BNY, has signed a multi-year deal with OpenAI.
1:52.2	Under the agreement, BNY will gain access to cutting-edge open AI tools such as deep research
1:58.0	and its most advanced reasoning models. They say it'll supercharge the bank's
2:02.5	internal AI platform, Eliza, which it launched last year. In return, OpenAI said it hopes to gain
2:08.9	insight into how well its models work for complex tasks in the real world. Terms of the deal
2:14.2	weren't disclosed. News Corp, owner of the Wall Street Journal, has a content licensing partnership with OpenAI.
2:20.7	For a deeper dive into what's happening in tech, check out tomorrow's Tech News Briefing podcast.
	...

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