Tech Brew Ride Home Thu. 08/29 – Nvidia Earnings… Are Ok…
9 snips
Aug 29, 2024 Nvidia's recent earnings report reveals impressive revenue growth, yet stock concerns linger. Pavel Durov faces legal troubles in France, raising questions about social media accountability. A U.S. court rules TikTok must confront a lawsuit related to a tragic incident. Meanwhile, OpenAI's valuation is soaring as funding discussions heat up. A major anti-piracy operation has successfully dismantled a popular illicit streaming service in Vietnam. Lastly, users grapple with frustrating infotainment systems in new vehicles, reflecting broader automotive challenges.
AI Snips
Chapters
Transcript
Episode notes
Nvidia's Success and Stock Dip
- Nvidia's Q2 revenue soared by 122% to $30 billion, exceeding estimates.
- Despite this, the stock dipped because it failed to surpass the highest expectations and reported slightly lower gross margins.
Nvidia's Blackwell Chip Availability
- Jensen Huang, Nvidia's CEO, assured investors of ample supply for their new Blackwell chips.
- He projected billions in revenue from these chips as early as Q4.
Charges Against Pavel Durov
- Pavel Durov, Telegram's CEO, was formally charged in France and posted a €5 million bail.
- He's accused of complicity in spreading CSAM and other crimes on the platform.