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Nvidia reports record Q3 results driven by surging demand for AI

Nvidia reported record revenue today for its third fiscal quarter of fiscal 2024 (ending October 31, 2023), beating Wall Street’s expectations. The graphics processing unit (GPU) and AI chip company reported record Q3 revenue of $18.2 billion, up 206% year-over-year and 34% sequentially. Nvidia’s data center segment grew 279% annually and 41% sequentially to $14.51  …

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Nvidia collaborates with Genentech to accelerate AI-driven drug discovery

Nvidia said its offerings will accelerate the training and inference of generative models used in Genentech’s “lab in the loop” framework, where extensive experimental data is fed into models for iterative drug discovery. Nvidia said its offerings will accelerate the training and inference of generative models used in Genentech’s “lab in the loop” framework, where …

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