During the latest earnings call, Nvidia CEO Jensen Huang reiterated his bullish outlook for the company, dismissing concerns that DeepSeek’s R1 reasoning model might undercut Nvidia’s sales.
Despite last month’s record drop in Nvidia’s stock—triggered by speculation that DeepSeek’s model required far fewer chips to train—Huang emphasized that such innovations only increase overall demand for compute.
“Reasoning models can consume 100 times more compute, and future reasoning models will consume much more compute,” Huang said, adding that DeepSeek R1 has “ignited global enthusiasm” and is being widely adopted by AI developers. He described the innovation as “excellent” and a positive signal for the entire AI industry, which relies on significant computational power—a core strength of Nvidia’s product portfolio.
Nvidia reported another record-breaking quarter, with total revenue reaching $39.3 billion—exceeding both its internal projections and Wall Street estimates. The company also provided guidance for the upcoming quarter, expecting revenue to climb to approximately $43 billion. Data center sales have been particularly robust, with figures nearly doubling in 2024 to $115 billion and showing a 16% increase compared to the previous quarter.
Huang highlighted the success of Nvidia’s latest Blackwell chip, which has been custom-built for reasoning applications. “Current demand for Blackwell is extraordinary,” he said. “We will grow strongly in 2025.”
This robust performance comes at a time when the market for AI chips shows no signs of slowing. Industry giants Meta, Google, and Amazon have recently unveiled massive AI infrastructure investments, collectively committing hundreds of billions of dollars over the coming years.
Despite the market turbulence sparked by DeepSeek’s debut, Nvidia’s earnings underscore the company’s pivotal role in powering next-generation AI applications. As AI models continue to require exponentially more compute power, Nvidia appears well-positioned to capitalize on the expanding global demand.
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.
The high-stakes Russia-US talks in Istanbul wrapped up after six and a half hours, with the Russian delegation leaving without providing any comments. The outcome remains unclear, leaving observers eager for updates on the discussions.
AI startup ElevenLabs, known for its cutting-edge audio-generation technology, has unveiled its first stand-alone speech-to-text model, named Scribe.
Türkiye is considering deploying troops to Ukraine as part of a future peacekeeping mission, according to reports. However, Ankara insists on being involved in the planning before committing to any such initiative.
USAID workers, impacted by job cuts under the Trump administration, make emotional final visits to their offices. The agency faces significant reductions as part of broader federal government restructuring efforts led by Elon Musk.
A recent discovery has revealed that ancient artifacts from the Treasure of Villena were crafted using metal from meteorites, offering new insights into early metalworking techniques in the Iberian Peninsula.
Polish startup Clone Robotics has unveiled Protoclone, the world’s first anatomically accurate humanoid robot, featuring artificial muscles, bones, and joints that enable lifelike movements.
Berlin, February 21, 2025 – German citizens will head to the polls on Sunday, February 23, for a snap general election after the coalition government collapsed late last year.
The city of Buriticupu, in Brazil’s northeastern Amazon, is facing a worsening crisis as massive sinkholes continue to expand, forcing authorities to declare a state of emergency. More than 1,200 residents are at risk of losing their homes.
Mountain View, CA, February 24, 2025 – In a move to bolster account security and curb global SMS abuse, Google is set to phase out its SMS-based two-factor authentication (2FA) option for Gmail users, according to a report by Forbes.
AI startup ElevenLabs, known for its cutting-edge audio-generation technology, has unveiled its first stand-alone speech-to-text model, named Scribe.
In the wake of what is believed to be the largest crypto heist in history, crypto exchange Bybit has launched a $140 million bounty program aimed at tracing and freezing approximately $1.4 billion in stolen Ethereum.
In a newly issued executive order, the Trump administration has directed the Department of Government Efficiency (DOGE) to expand its review of federal spending by establishing centralized technological systems across all agencies.
Hangzhou-based AI startup DeepSeek, known for its groundbreaking large language models that have challenged Western systems at a fraction of the cost, is now making its way into the home appliance sector.
A new report by the UK's Higher Education Policy Institute (HEPI) reveals that generative AI tools, such as ChatGPT, are now an integral part of undergraduate studies.
The high-stakes Russia-US talks in Istanbul wrapped up after six and a half hours, with the Russian delegation leaving without providing any comments. The outcome remains unclear, leaving observers eager for updates on the discussions.
AI startup ElevenLabs, known for its cutting-edge audio-generation technology, has unveiled its first stand-alone speech-to-text model, named Scribe.
Türkiye is considering deploying troops to Ukraine as part of a future peacekeeping mission, according to reports. However, Ankara insists on being involved in the planning before committing to any such initiative.
USAID workers, impacted by job cuts under the Trump administration, make emotional final visits to their offices. The agency faces significant reductions as part of broader federal government restructuring efforts led by Elon Musk.
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