US tech giant Nvidia reported an 80% year-on-year increase in net income for the last quarter of fiscal 2025, with earnings climbing to $22.1 billion - an increase of $9.8 billion compared to the same period last year.
Santa Clara, CA, February 17, 2025 – Nvidia founder and CEO Jensen Huang dismissed market concerns over DeepSeek’s recent release of its R1 open source reasoning model, arguing that the technological advancement will ultimately benefit the broader AI ecosystem rather than harm Nvidia’s business.
OpenAI plans to finalise its first custom AI chip, aiming for production by 2026, reducing reliance on Nvidia.
Nvidia unveils AI breakthroughs at CES 2025, introducing Cosmos models for training robots and cars, advanced gaming chips, and new automotive tech with Toyota, targeting $5B revenue by 2026.
OpenAI has secured $6.6 billion in funding, potentially valuing the company at $157 billion. Despite recent leadership changes, investor confidence remains strong, with projections of $3.6 billion in revenue this year and expectations for significant growth ahead.
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