CLAIM #46776 · NVIDIA Corporation (NVDA) · 2023Q4 earnings call · Feb 22, 2023 · due Jan 31, 2024
“The opportunity is significant and driving strong growth in the data center that will accelerate through the year.”
Colette Kress · CFO
In context
“l network models can improve productivity in a wide range of tasks, whether generating text like marketing copy, summarizing documents like [indiscernible], creating images for ads or video games or answering customer questions. Generative AI applications will help almost every industry do more faster. Generative large language models with over 100 billion parameters are the most advanced neural networks in today's world. NVIDIA's expertise spans across the AI supercomputers, algorithms, data processing and training methods that can bring these capabilities to enterprise. We look forward to helping customers with generative AI opportunities. In addition to working with every major hyperscale cloud provider, we are engaged with many consumer Internet companies, enterprises and start-ups. The opportunity is significant and driving strong growth in the data center that will accelerate through the year. During the quarter, we made notable announcements in the financial services sector, one of our largest industry verticals. We announced a partnership with Deutsche Bank to accelerate the use of AI and machine learning in financial services. Together, we are developing a range of applications, including virtual customer service agents, speech AI, fraud detection and bank process automation, leveraging NVIDIA's full computing stack, both on-premise and in the cloud, including NVIDIA AI enterprise software. We also announced that NVIDIA captured leading results for AI inference in a key financial services industry benchmark for applications such as asset price discovery. In networking, we see growing demand for our latest generation InfiniBand and HPC optimized Ethernet platforms fueled by”
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SEC filings for NVDA ↗ · Claim quote is verbatim from the 2023Q4 earnings call.