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Nvidia Unveils AI Chips for Chinese Market, Falls Short of Investor Expectations

Altszn.com by Altszn.com
November 22, 2023
in Metaverse, Web3
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Nvidia Unveils AI Chips for Chinese Market, Falls Short of Investor Expectations
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by Alisa Davidson

Published: November 22, 2023 at 4:11 am Updated: November 22, 2023 at 4:11 am

by Victor Dey

Edited and fact-checked:
November 22, 2023 at 4:11 am

To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.

In Brief

In its quarterly report, Nvidia disclosed a revenue of approximately $20 billion and announced chips developed specifically for the Chinese market.

Nvidia Introduces Chips for China, Fails to Meet Investors' Expectations

AI has emerged as a prominent focus for tech investors throughout the year, with major companies highlighting their capabilities in this domain. Notably, Nvidia stands out as one of the few businesses translating this trend into substantial financial gains, which has accelerated since the public release of OpenAI’s ChatGPT, a large language model-based chatbot.

In its recent quarterly report, Nvidia disclosed an anticipated revenue of approximately $20 billion for the current period. While this surpassed the average predictions of $17.9 billion, certain estimates reached as high as $21 billion.

Despite reporting robust growth for the quarter, Nvidia faced investor expectations for even more substantial returns.

The optimistic outlook was rooted in the belief that the AI industry would be a major contributor to Nvidia’s sales. But Nvidia’s performance remains impressive, especially considering the impact of US restrictions on China, which have affected sales.

Nvidia Updates Chips for China to Comply with Restriction Rules

Along with the release of its quarterly report, Nvidia also announced release of chips developed specifically for the Chinese market. This move comes less than a month after US officials implemented stricter regulations on the sale of high-end AI chips to China.

The new chips titled HGX H20, L20 PCIe and L2 PCIe incorporate most of Nvidia’s latest AI features. However, certain measures of their computing power have been scaled back to align with the updated US regulations.

These regulations impose limits on the amount of computing power a chip can possess within a confined size. Additionally, they include a “grey zone,” where chips might still be eligible for shipment to China but require a licence for approval.

In the previous month, the prominent US AI chip giant, whose graphics processing units dominate the AI market, declared that new export restrictions would impede the company from selling two of its modified advanced AI chips—the A800 and H800—both initially designed for the Chinese market to comply with the previous export rules.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and engagement with scientific writing.

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Alisa Davidson



Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and engagement with scientific writing.



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