In an astonishing display of fiscal prowess, NVIDIA has announced its financial results for the fourth quarter and full fiscal year 2024, setting new benchmarks in the tech industry. The company reported a record-breaking quarterly revenue of $22.1 billion, marking a 22% increase from the previous quarter and an impressive 265% surge from the same period last year. This surge is attributed to the booming demand for accelerated computing and generative AI, which have become pivotal in the digital transformation across various sectors.
NVIDIA’s Data Center revenue alone stood at a staggering $18.4 billion for the quarter, up 27% from Q3 and a whopping 409% from the year-ago period, underscoring the vital role of NVIDIA’s technology in powering the world’s data processing, AI training, and inference needs.
For the fiscal year 2024, NVIDIA’s revenue soared by 126% to $60.9 billion, with GAAP earnings per diluted share increasing by 586% to $11.93, and non-GAAP earnings per diluted share climbing by 288% to $12.96. This performance highlights NVIDIA’s successful navigation through the challenges and opportunities of the past year, driven by its innovation in GPU technology and strategic market positioning.
Jensen Huang, NVIDIA’s founder and CEO, remarked on the company’s monumental achievements, stating, “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries, and nations.” He further highlighted the diverse drivers of NVIDIA’s Data Center platform, including the demand from cloud-service providers, enterprise software, consumer internet companies, and vertical industries like auto, financial services, and healthcare.
NVIDIA’s RTX platform, introduced less than six years ago, has now become a cornerstone in the PC gaming and creative sectors, with over 100 million users enjoying the benefits of generative AI. Looking forward, Huang teased major new product cycles and exceptional innovations poised to propel the industry forward, inviting enthusiasts to join the upcoming GTC event for a glimpse into the future.
It is an interesting time to be working in the GIS industry, and I feel grateful for having experienced the past 25+ years immersed in it from an editorial perspective.
Methods of tracking Covid-19 are becoming more specific and exact as time goes on. With concerns of the spread of the COVID- 19 and its variants as well as the lack of comprehensive testing programs, many locations are turning to wastewater testing to effectively track the “viral load” of COVID-19 in their communities and help guide the battle against the spread of COVID-19. In the state of Missouri, officials are using GIS and mapping to track all the data around the spread of COVID-19 and guide policy and planning decisions.
In the state of Missouri, officials are using GIS and mapping to track all the data around the spread of COVID-19 and guide policy and planning decisions.
In this final installment of GISCafe Voice Industry Predictions for 2022, we can see more of multiple topics geospatial will need to address in the coming years. Whether countries are developing or not, they will have levels of requirements for automation and geospatial technology. Tersus and HSR Health outline the need for geospatial technology in the areas of farming, healthcare, disease management, safety and construction. These are exciting times for those developing new ways of addressing old and new challenges.
Artificial intelligence, augmented reality, maximizing the value of Digital Twins, higher refresh rate on satellite data, and a new group of users: geospatial immigrants are among this week’s 2022 Industry Predictions. The industry needs to ensure two things for this category of users who don’t care if the data is geospatial or anything about it – firstly that users are getting the right data for their needs, and secondly that they are able to access it easily.
In this third installment of the GISCafe Voice Industry Predictions for 2022, our respondents look at fascinating and timely topics such as startup collaboration in the remote sensing and “new space” industry from Ellipsis Drive. Hexagon brings in the historical perspective and what could help or could’ve helped in certain disasters – automation, new uses for augmented and virtual reality, and remote sensing in space. There is not a day that goes by that one doesn’t hear something about the supply chain – and geospatial can definitely help with that. Geodecisions is working on the supply chain as a new element of location analytics.
Two weeks ago our Industry Predictions took a look at NVIDIA’s foray into geospatial with artificial intelligence and their digital twin of the earth. This week builds on those themes, as Dr Aaron Morris, co-founder of Allvision and Shehzan Mohammed, Director of 3D Engineering and Ecosystems, Cesium peer into the crystal ball to find AI and Machine Learning (ML) making a significant impact on GIS of the future.
GeoSapient looks forward to the improvement of sustainability through environmental, social and governance (ESG) transparency and industry collaboration. And to weave it all together, according to John Kelly, president and co-founder of GeoSapient, digital twin technology with ESG “will help the operators place themselves at the center of a sustainable supply chain and trace specific products to their final use.” (more…)
Much of 2021’s important news had to do with digital twin technology, responding to climate change and artificial intelligence, as well as Covid-19 response for businesses. Reducing the world’s carbon footprint is a major priority for most organizations and technologies are being lined up to address this priority.
CEO Jensen Huang presented the keynote at the recent GTC21 NVIDIA Conference, November 8-11, sharing with the audience the importance of accelerated computing and much more. The announcements were so prolific and many of interest to the GIS/geospatial industry, thus I will share those that would be of most interest to our audience. One of the most profound announcements came at the end of the talk, wherein Huang announced that they are building a digital twin of the earth.
Danny Petrecca, VP of Business Development at Locusview conducted an interview with Sanjay Gangal, president of GISCafe, recently to discuss the topic of digital construction management that Locusview pioneered to address the challenges of telecoms and utilities worldwide. Primarily, the solution aims to get as-built construction information in from the field back to the systems of record on time.
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