Nvidia\u2019s biggest customers \u2013 Amazon, Microsoft, Alphabet and Meta \u2013 are on track to spend roughly US$800b on data centres and AI infrastructure this year.<\/p>\n
That amount is nearly double last year\u2019s total, with analysts expecting industry-wide spending to top US$1 trillion ($1.6t).<\/p>\n
That historic windfall has increasingly drawn Nvidia into bankrolling AI expansion.<\/p>\n
The company has faced increased questions about circular financing through funding its own AI developer clients by helping AI start-ups pay for Nvidia-based infrastructure.<\/p>\n
The company again projected no revenue from sales of AI computing chips in China in its forecast.<\/p>\n
Beijing has only recently begun allowing limited quantities of Nvidia\u2019s H200 processors into the country, with ByteDance and Tencent reportedly each receiving around 10,000 units in recent weeks \u2013 a fraction of what United States export licences permit.<\/p>\n
Growth in the company\u2019s share price has trailed other chip companies in recent months and pales in comparison to the stratospheric leaps in 2023 that followed the launch of ChatGPT.<\/p>\n
That market surge catapulted the California-based company to become the most valuable publicly traded company in the world, a perch it still holds ahead of iPhone-maker Apple.<\/p>\n
– AFP<\/p>\n","protected":false},"excerpt":{"rendered":"Nvidia\u2019s biggest customers \u2013 Amazon, Microsoft, Alphabet and Meta \u2013 are on track to spend roughly US$800b on…\n","protected":false},"author":2,"featured_media":581366,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[3017,365,363,364,4498,8613,1656,8609,5499,3602,2550,28161,5616,7469,77448,130,3025,111,139,1042,69,42303,15267,7493,667,8262,5424,42699,145,131,286355,66754,13558,17450,379],"class_list":["post-581365","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ahead","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-beat","tag-billion","tag-company","tag-double","tag-doubles","tag-earlier","tag-even","tag-expectations","tag-forecast","tag-forecasts","tag-juggernaut","tag-more","tag-most","tag-new-zealand","tag-newzealand","tag-nvidia","tag-nz","tag-quarterly","tag-reported","tag-revenue","tag-sales","tag-spending","tag-street","tag-stronger","tag-technology","tag-than","tag-us962","tag-valuable","tag-wall","tag-worlds","tag-year"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/581365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=581365"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/581365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/581366"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=581365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=581365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=581365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}