TNB Tech Minute: Nvidia’s Sales Triple
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 22 May 2024
⏱️ 2 minutes
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| 0:00.0 | This episode is brought to you by Shopify. |
| 0:02.0 | Looking to start a side hustle or become your own boss. |
| 0:05.0 | Do it with Shopify. |
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| 0:17.0 | Sign up for a one pound per month trial period at shopify.coidek slash special offer or |
| 0:22.0 | lower case. That Shopify dot code eK slash special offer. |
| 0:25.6 | Here is your Tn B Tech Minute for Wednesday, May 22nd. I'm Zoe Thomas for the Wall Street Journal. |
| 0:35.0 | Chipmaker NVIDIA has reported sales more than tripled in its latest quarter. |
| 0:40.0 | The company said quarterly revenue rose to $26 billion, a record amount. |
| 0:46.0 | Net profit was at $14.88 billion, up from $2 billion a year before. |
| 0:52.6 | The artificial intelligence boom has helped create a frenzy |
| 0:55.7 | for NVIDIA's chips. |
| 0:57.5 | News Corp, the parent company of the Wall Street Journal, |
| 1:00.3 | has struck a content licensing pact with open AI that stretches across |
| 1:04.8 | publications including the journal Barons and Market Watch. The |
| 1:08.8 | generative artificial intelligence company will be able to use content from News Corp's consumer-facing publications, |
| 1:15.6 | including archives, to answer users questions and train Open AIs technology. |
| 1:21.6 | The Pact could be worth more than $250 million over five years, |
| 1:26.5 | including compensation in the form of cash and credits for the use of open AI technology. |
| 1:32.1 | That's according to people familiar with the situation. |
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