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Nvidia reports 20,000 GenAI startups are utilizing its platform for development

Nvidia reports 20,000 GenAI startups are utilizing its platform for development
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Nvidia CEO Jensen Huang shared insights during the first-quarter 2025 earnings call, highlighting the rapid growth of generative AI startups utilizing Nvidia’s computing platform. Huang noted the increasing demand for Nvidia GPUs from various industries, including consumer internet companies, enterprises, automotive firms, and healthcare organizations, as they integrate AI applications using Nvidia’s CUDA software and Tensor Core architecture. The shift towards generative AI is driving a transformation in computing, emphasizing the importance of full-stack computing platforms in generating intelligent results.

To meet the growing demand, Nvidia introduced its H100 “Hopper” architecture GPUs in the first quarter and announced the upcoming “Blackwell” platform, which offers faster AI training and inference capabilities. Huang explained that Nvidia’s end-to-end AI platform provides a competitive advantage, leading to high demand for Hopper, Blackwell, and future Nvidia architectures. However, despite the record revenue of $26 billion in the first quarter, Nvidia faces challenges in meeting customer demand for AI chips, with shortages expected to persist into 2024.

Nvidia’s GPUs offer attractive returns for cloud providers hosting AI models, with the potential to earn significant revenue over four years. Huang highlighted the financial benefits of hosting AI models on Nvidia’s accelerated computing platforms, showcasing the performance and cost efficiency of Nvidia’s latest GPU offerings. Additionally, Nvidia has made a strategic push into Ethernet networking for AI, introducing the Spectrum-X platform optimized for AI workloads over Ethernet.

The first-quarter results driven by the data center and gaming segments contributed to Nvidia’s record revenue, with data center revenue leading the growth. The demand for Nvidia’s AI infrastructure from cloud providers and other companies continues to soar, supported by the company’s software enhancements and ecosystem. In the second quarter, Nvidia anticipates further revenue growth across all platforms, with optimistic outlooks for the company’s performance.

Overall, Nvidia’s achievements in the AI sector, coupled with its strategic advancements in networking and data center solutions, position the company for sustained growth and leadership in the AI industry. The company’s record earnings and ongoing initiatives underscore its commitment to driving innovation and advancing the adoption of AI technologies across diverse sectors.

Article Source
https://venturebeat.com/ai/nvidias-jensen-huang-says-20000-genai-startups-are-now-building-on-its-platform/

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