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MediaTek Partners With NVIDIA to Transform Automobiles With AI and Accelerated Computing

MediaTek, a leading innovator in connectivity and multimedia, is teaming with NVIDIA to bring drivers and passengers new experiences inside the car. The partnership was announced today at a COMPUTEX press conference with MediaTek CEO Rick Tsai and NVIDIA founder and CEO Jensen Huang.

"NVIDIA is a world-renowned pioneer and industry leader in AI and computing. With this partnership, our collaborative vision is to provide a global one-stop shop for the automotive industry, designing the next generation of intelligent, always-connected vehicles," said Tsai. "Through this special collaboration with NVIDIA, we will together be able to offer a truly unique platform for the compute-intensive, software-defined vehicle of the future."

"AI and accelerated computing are fueling the transformation of the entire auto industry," said Huang. "The combination of MediaTek's industry-leading system-on-chip plus NVIDIA's GPU and AI software technologies will enable new user experiences, enhanced safety and new connected services for all vehicle segments, from luxury to entry-level."

NVIDIA Collaborates With SoftBank Corp. to Power SoftBank's Next-Gen Data Centers Using Grace Hopper Superchip for Generative AI and 5G/6G

NVIDIA and SoftBank Corp. today announced they are collaborating on a pioneering platform for generative AI and 5G/6G applications that is based on the NVIDIA GH200 Grace Hopper Superchip and which SoftBank plans to roll out at new, distributed AI data centers across Japan. Paving the way for the rapid, worldwide deployment of generative AI applications and services, SoftBank will build data centers that can, in collaboration with NVIDIA, host generative AI and wireless applications on a multi-tenant common server platform, which reduces costs and is more energy efficient.

The platform will use the new NVIDIA MGX reference architecture with Arm Neoverse-based GH200 Superchips and is expected to improve performance, scalability and resource utilization of application workloads. "As we enter an era where society coexists with AI, the demand for data processing and electricity requirements will rapidly increase. SoftBank will provide next-generation social infrastructure to support the super-digitalized society in Japan," said Junichi Miyakawa, president and CEO of SoftBank Corp. "Our collaboration with NVIDIA will help our infrastructure achieve a significantly higher performance with the utilization of AI, including optimization of the RAN. We expect it can also help us reduce energy consumption and create a network of interconnected data centers that can be used to share resources and host a range of generative AI applications."

NVIDIA CEO Jensen Huang's Earnings Cut by a Small Margin

NVIDIA's co-founder and current CEO Jensen Huang will be receiving a slightly reduced salary this year, due to his company not meeting some financial goals. Team Green has published their report for the financial year of 2023, and several tech news outlets have been poring over the details - The Register was the first to spot that the intrepid leather jacketed leader was not being as handsomely compensated (when cross-referenced with previous FY results). Huang's pay has been cut by almost $2.5 million, so a 10% fall from before - given that he is already a billionaire, going into double digits, this verdict is a minor sting to the proverbial (matching leather?) wallet.

The company's annual review (for FY 2023) document provides a reason for select executive pay cuts: "Fiscal 2023 was a challenging year, with macroeconomic headwinds, channel inventory corrections, COVID-19 and product architecture transitions affecting several of our businesses. As a result, our Fiscal 2023 revenue and non-GAAP Operating Income performance fell short of the CC's (compensation committee's) pre-established goals for executive compensation." Huang will not be hurting too much from the small pay cut since he is set to earn $21.356 million in total, thanks to generous stock awards and miscellaneous benefits outside of his base salary (now a mere $996,216). NVIDIA is expected to rake in even more cash across the coming year, or two, due to growing interest in artificial intelligence (AI) processing. Tech companies are snapping up NVIDIA's enterprise-grade H100 GPUs in anticipation of an AI-powered future.

NVIDIA CEO and Founder Jensen Huang to Keynote Live at COMPUTEX 2023

TAITRA (Taiwan External Trade Development Council) today announced that NVIDIA founder and CEO Jensen Huang will deliver the keynote address in person at COMPUTEX 2023. The keynote will take place at the Taipei Nangang Exhibition Center Hall 2 on Monday, May 29, at 11:00 AM (UTC+8), and cover advanced developments in the fields of accelerated computing and artificial intelligence. Welcome to join and Register Now. A livestream and replay of the keynote will be available here.

NVIDIA, the pioneer in accelerated computing that enabled the AI revolution, announced at its most recent GTC conference a series of breakthroughs in generative AI, simulation and collaboration that are boosting productivity and efficiency for leading companies around the world. At this year's COMPUTEX Forum, NVIDIA's Greg Estes, VP of Corporate Marketing and Developer Programs, will deliver a talk entitled "Racing Towards the Industrial Metaverse", sharing how NVIDIA and its partners are using Omniverse, generative AI, and accelerated computing to enable an exciting new era of 3D workflows. His talk will take place on Tuesday, May 30, from 2:30 to 3:00 p.m.

NVIDIA CEO Jensen Huang Confirmed as Headline Speaker at Computex 2023

Taiwan's External Trade Development Council (TAITRA) has announced the keynote speaker for Computex 2023 - NVIDIA co-founder and current CEO Jensen Huang is confirmed as the main host of the opening ceremony event. The forthcoming computer trade show will have a general opening on May 30, with a keynote address delivered by Huang scheduled for the day before. Computex 2023 is set to be hosted at the Taipei Nangang Exhibition Center (Hall 1 & Hall 2) until June. Co-organizer TAITRA boasts that 1000 exhibitors (from 17 nations) will participate in show floor activities. 3000 individual booths will be setup for exploration by prospective attendees.

Huang is one of several key electronics company CEOs announced as participants in conference events. He joins key representatives from firms such as Qualcomm, Acer, NXP Semiconductors and Supermicro. NVIDIA's leader was named in Time's 100 List of Most Influential People for the year 2021, and is a winner of numerous other awards, so it is no wonder that he gets top billing at Computex 2023. Attendees have a lot to look forward to, not limited to a (potentially) dynamic keynote speech delivered by Huang, since this year's show will be an open door affair. A return to proceedings last experienced in 2019, prior to global shutdowns.

NVIDIA Announces Microsoft, Tencent, Baidu Adopting CV-CUDA for Computer Vision AI

Microsoft, Tencent and Baidu are adopting NVIDIA CV-CUDA for computer vision AI. NVIDIA CEO Jensen Huang highlighted work in content understanding, visual search and deep learning Tuesday as he announced the beta release for NVIDIA's CV-CUDA—an open-source, GPU-accelerated library for computer vision at cloud scale. "Eighty percent of internet traffic is video, user-generated video content is driving significant growth and consuming massive amounts of power," said Huang in his keynote at NVIDIA's GTC technology conference. "We should accelerate all video processing and reclaim the power."

CV-CUDA promises to help companies across the world build and scale end-to-end, AI-based computer vision and image processing pipelines on GPUs. The majority of internet traffic is video and image data, driving incredible scale in applications such as content creation, visual search and recommendation, and mapping. These applications use a specialized, recurring set of computer vision and image-processing algorithms to process image and video data before and after they're processed by neural networks.

NVIDIA GeForce RTX 4070 Allegedly Launches on April 13

It has been pretty much confirmed that the NVIDIA GeForce RTX 4070 (non-Ti) is launching in April, but now, the rumored date has been specified as April 13th. The latest report comes from a well known leaker, hongxing2020, over at Twitter, who has a pretty good track record and had correct dates for RTX 30 and RTX 40 series launch dates. In case you missed it, the NVIDIA GeForce RTX 4070 is based on the same AD104 GPU as the RTX 4070 Ti, with slightly fewer cores, but still comes with the same memory specification as the Ti version.

This means the GeForce RTX 4070 should feature 46 streaming multiprocessors (SMs) which should leave it with 5,888 CUDA cores enabled. It will come with 12 GB of GDDR6X memory on a 192-bit memory interface. The TDP is rumored at 200 W. There were some rumors that NVIDIA could have three different SKUs for the RTX 4070, with 16 GB, 12 GB, and 10 GB of VRAM, but so far, this has just remained as a vague rumor coming from Eurasian Economic Commission (EEC) regulatory filings. NVIDIA is slowly completing the RTX 40 series lineup, so hopefully we will not have to wait too long for updates on the RTX 4060 Ti and the RTX 4060. NVIDIA, and its founder and CEO, Jensen Huang, will be holding the opening keynote at GTC on March 21st, so we could get at least some updates for the future GeForce lineup.

NVIDIA to Put DGX Computers in the Cloud, Becomes AI-as-a-Service Provider

NVIDIA has recently reported its Q4 earnings, and the earnings call following the report contains exciting details about the company and its plans to open up to new possibilities. NVIDIA's CEO Jensen Huang has stated that the company is on track to become an AI-as-a-Service (AIaaS) provider, which technically makes it a cloud service provider (CSP). "Today, I want to share with you the next level of our business model to help put AI within reach of every enterprise customer. We are partnering with major service -- cloud service providers to offer NVIDIA AI cloud services, offered directly by NVIDIA and through our network of go-to-market partners, and hosted within the world's largest clouds." Said Mr. Huang, adding that "NVIDIA AI as a service offers enterprises easy access to the world's most advanced AI platform, while remaining close to the storage, networking, security and cloud services offered by the world's most advanced clouds. Customers can engage NVIDIA AI cloud services at the AI supercomputer, acceleration library software, or pretrained AI model layers."

In addition to enrolling other CSPs into the race, NVIDIA is also going to offer DGX machines on demand in the cloud. Using select CSPs, you can get access to an entire DGX and harness the computing power for AI research purposes. Mr. Huang noted "NVIDIA DGX is an AI supercomputer, and the blueprint of AI factories being built around the world. AI supercomputers are hard and time-consuming to build. Today, we are announcing the NVIDIA DGX Cloud, the fastest and easiest way to have your own DGX AI supercomputer, just open your browser. NVIDIA DGX Cloud is already available through Oracle Cloud Infrastructure and Microsoft Azure, Google GCP, and others on the way."

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2023

NVIDIA (NASDAQ: NVDA) today reported revenue for the fourth quarter ended January 29, 2023, of $6.05 billion, down 21% from a year ago and up 2% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.57, down 52% from a year ago and up 111% from the previous quarter. Non-GAAP earnings per diluted share were $0.88, down 33% from a year ago and up 52% from the previous quarter.

For fiscal 2023, revenue was $26.97 billion, flat from a year ago. GAAP earnings per diluted share were $1.74, down 55% from a year ago. Non-GAAP earnings per diluted share were $3.34, down 25% from a year ago. "AI is at an inflection point, setting up for broad adoption reaching into every industry," said Jensen Huang, founder and CEO of NVIDIA. "From startups to major enterprises, we are seeing accelerated interest in the versatility and capabilities of generative AI. "We are set to help customers take advantage of breakthroughs in generative AI and large language models. Our new AI supercomputer, with H100 and its Transformer Engine and Quantum-2 networking fabric, is in full production.

NVIDIA GTC 2023 to Feature Latest Advances in AI Computing Systems, Generative AI, Industrial Metaverse, Robotics; Keynote by Jensen Huang

NVIDIA today announced that company founder and CEO Jensen Huang will deliver the opening keynote at GTC 2023, covering the latest advancements in generative AI, the metaverse, large language models, robotics, cloud computing and more. More than 250,000 people are expected to register for the four-day event, which will include 650+ sessions from researchers, developers and industry leaders in virtually every computing domain. GTC will also feature a fireside chat with Huang and OpenAI co-founder Ilya Sutskever, plus talks by DeepMind's Demis Hassabis, Stability AI's Emad Mostaque and many others.

"This is the most extraordinary moment we have witnessed in the history of AI," Huang said. "New AI technologies and rapidly spreading adoption are transforming science and industry, and opening new frontiers for thousands of new companies. This will be our most important GTC yet."

NVIDIA Announces Financial Results for Third Quarter Fiscal 2023

NVIDIA (NASDAQ: NVDA) today reported revenue for the third quarter ended October 30, 2022, of $5.93 billion, down 17% from a year ago and down 12% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.27, down 72% from a year ago and up 4% from the previous quarter. Non-GAAP earnings per diluted share were $0.58, down 50% from a year ago and up 14% from the previous quarter.

"We are quickly adapting to the macro environment, correcting inventory levels and paving the way for new products," said Jensen Huang, founder and CEO of NVIDIA. "The ramp of our new platforms - Ada Lovelace RTX graphics, Hopper AI computing, BlueField and Quantum networking, Orin for autonomous vehicles and robotics, and Omniverse-is off to a great start and forms the foundation of our next phase of growth.

Rescale Teams with NVIDIA to Unite HPC and AI for Optimized Engineering in the Cloud

Rescale, the leader in high performance computing built for the cloud to accelerate engineering innovation, today announced it is teaming with NVIDIA to integrate the NVIDIA AI platform into Rescale's HPC-as-a-Service offering. The integration is designed to advance computational engineering simulation with AI and machine learning, helping enterprises commercialize new product innovations faster, more efficiently and at less cost.

Additionally, Rescale announced the world's first Compute Recommendation Engine (CRE) to power Intelligent Computing for HPC and AI workloads. Optimizing workload performance can be prohibitively complex as organizations seek to balance decisions among architectures, geographic regions, price points, scalability, service levels, compliance, and sustainability objectives. Developed using machine learning on NVIDIA architectures with infrastructure telemetry, industry benchmarks, and full-stack metadata spanning over 100 million production HPC workloads, Rescale CRE provides customers unprecedented insight to optimize overall performance.

Jensen Huang Tells the Media That Moore's Law is Dead

NVIDIA's CEO has gone out on a limb during a video call with the media, where he claimed that Moore's Law is Dead, in response to the high asking price for its latest graphics cards. For those not familiar with Moore's law, it's an observation by Intel's Gordon Moore that says that transistors double in density inside dense integrated circuits every two years, while at the same time, the cost of computers are halved. The follow-on to this observation is that there's also a doubling of the performance every two years, if maintaining the same cost. This part doesn't quite hold true any more, due to all major foundries having increased the cost when using their cutting edge nodes. We're also reaching a point where it's getting increasingly difficult to shrink process nodes in semiconductor fabs. However, Jensen Huang's statement has nothing to do with the actual node shrinks, which makes his statement a bit flawed.

Jensen's focus seems to be on the latter half of Moore's law, the part related to semiconductors getting cheaper, which in turn makes computers cheaper. However, this hasn't been true for some time now and Jensen's argument in this case is that NVIDIA's costs of making semiconductors have gone up. Jensen is quoted as saying "A 12-inch wafer is a lot more expensive today than it was yesterday, and it's not a little bit more expensive, it is a ton more expensive," "Moore's Law is dead … It's completely over, and so the idea that a chip is going to go down in cost over time, unfortunately, is a story of the past." What he actually meant is that we shouldn't expect semiconductors to be as cheap as they've been in the past, although part of the issue NVIDIA is having is that their products have to be produced on cutting edge notes, which cost significantly more than more mature nodes. It'll be interesting to see if AMD can deliver graphics chips and cards with a more competitive price point than NVIDIA, as that would refute some of Jensen's claims.

Jensen Confirms: NVLink Support in Ada Lovelace is Gone

NVIDIA CEO Jensen Huang in a call with the press today confirmed that Ada loses the NVLink connector. This marks the end of any possibility of explicit multi-GPU, and marks the complete demise of SLI (over a separate physical interface). Jensen stated that the reason behind removing the NVLink connector was because they needed the I/O for "something else," and decided against spending the resources to wire out an NVLink interface. NVIDIA's engineers also wanted to make the most out of the silicon area at their disposal to "cram in as much AI processing as we could". Jen-Hsun continued with "and also, because Ada is based on Gen 5, PCIe Gen 5, we now have the ability to do peer-to-peer cross-Gen 5 that's sufficiently fast that it was a better tradeoff". We reached out to NVIDIA to confirm and their answer is:
NVIDIAAda does not support PCIe Gen 5, but the Gen 5 power connector is included.

PCIe Gen 4 provides plenty of bandwidth for graphics usages today, so we felt it wasn't necessary to implement Gen 5 for this generation of graphics cards. The large framebuffers and large L2 caches of Ada GPUs also reduce utilization of the PCIe interface.

NVIDIA Delivers Quantum Leap in Performance, Introduces New Era of Neural Rendering With GeForce RTX 40 Series

NVIDIA today unveiled the GeForce RTX 40 Series of GPUs, designed to deliver revolutionary performance for gamers and creators, led by its new flagship, the RTX 4090 GPU, with up to 4x the performance of its predecessor. The world's first GPUs based on the new NVIDIA Ada Lovelace architecture, the RTX 40 Series delivers massive generational leaps in performance and efficiency, and represents a new era of real-time ray tracing and neural rendering, which uses AI to generate pixels.

"The age of RTX ray tracing and neural rendering is in full steam, and our new Ada Lovelace architecture takes it to the next level," said Jensen Huang, NVIDIA's founder and CEO, at the GeForce Beyond: Special Broadcast at GTC. "Ada provides a quantum leap for gamers and paves the way for creators of fully simulated worlds. With up to 4x the performance of the previous generation, Ada is setting a new standard for the industry," he said.

NVIDIA Project Beyond GTC Keynote Address: Expect the Expected (RTX 4090)

NVIDIA just kicked off the GTC Autumn 2022 Keynote address that culminates in Project Beyond, the company's launch vehicle for its next-generation GeForce RTX 40-series graphics cards based on the "Ada" architecture. These are expected to nearly double the performance over the present generation, ushering in a new era of photo-real graphics as we inch closer to the metaverse. NVIDIA CEO Jensen Huang is expected to take center-stage to launch these cards.

15:00 UTC: The show is on the road.
15:00 UTC: AI remains the center focus, including how it plays with gaming.

NVIDIA GeForce RTX 4090 and RTX 4080 Pictured

Later today, NVIDIA CEO Jensen Huang will take centerstage at GTC to launch the next-generation GeForce RTX 40-series "Ada" graphics cards, in what is expected to be a pre-recorded stream, which may have been filmed earlier. This has been leaked, and we have our first picture of the NVIDIA GeForce RTX 4090 Founders Edition graphics card. Its design retains the dual-axial flow-through concept introduced with the RTX 30-series Founders Edition cards, where a fan on one side of the card draws in cooler air, passes it through the heatsink, and exhausts with the help of a second fan. There appear to be some refinements to the design of the fan-impellers, The card itself is 3 slots thick, much like the RTX 3090 Ti Founders Edition. The RTX 4080, positioned a notch below this card, was pictured earlier in its anti-static sleeve, and appears to feature an identical board design.

NVIDIA Confirms New GeForce RTX Logo

NVIDIA in its latest "Project Beyond" hype video confirmed the new logo of GeForce RTX, the company's main gaming GPU brand. While the NVIDIA "eye" itself is unchanged, the "GeForce" part has a new typeface with uniform size for all letters. The video just about confirms that Project Beyond is about the next-generation RTX 40-series "Ada." NVIDIA is expected to unveil the series on Tuesday (20th September), at a special event as part of GTC, with a keynote address by CEO Jensen Huang.

NVIDIA Announces Financial Results for Second Quarter Fiscal 2023: Gaming Revenues Slashed by a Third

NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 31, 2022, of $6.70 billion, up 3% from a year ago and down 19% from the previous quarter. GAAP earnings per diluted share for the quarter were $0.26, down 72% from a year ago and down 59% from the previous quarter. Non-GAAP earnings per diluted share were $0.51, down 51% from a year ago and down 63% from the previous quarter.

"We are navigating our supply chain transitions in a challenging macro environment and we will get through this," said Jensen Huang, founder and CEO of NVIDIA. "Accelerated computing and AI, the pioneering work of our company, are transforming industries. Automotive is becoming a tech industry and is on track to be our next billion-dollar business. Advances in AI are driving our Data Center business while accelerating breakthroughs in fields from drug discovery to climate science to robotics.

NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023, Gaming $$ Down 44%

NVIDIA (NASDAQ: NVDA) today announced selected preliminary financial results for the second quarter ended July 31, 2022. Second quarter revenue is expected to be approximately $6.70 billion, down 19% sequentially and up 3% from the prior year, primarily reflecting weaker than forecasted Gaming revenue. Gaming revenue was $2.04 billion, down 44% sequentially and down 33% from the prior year. Data Center revenue was $3.81 billion, up 1% sequentially and up 61% from the prior year.

The shortfall relative to the May revenue outlook of $8.10 billion was primarily attributable to lower sell-in of Gaming products reflecting a reduction in channel partner sales likely due to macroeconomic headwinds. In addition to reducing sell-in, the company implemented pricing programs with channel partners to reflect challenging market conditions that are expected to persist into the third quarter.

NVIDIA Could Use Intel's Foundry Service for Chip Manufacturing

Yesterday, NVIDIA announced its next-generation Hopper architecture designed for data center applications and workloads. There is always a question of availability, as the previous period showed everyone that the supply chain is overbooked and semiconductors are in very high demand. During the Q&A press session today, NVIDIA's CEO, Jensen Huang, tried to answer as many questions as possible. However, an exciting topic arose regarding the potential collaboration with Intel. As a part of Intel's IDM 2.0 strategy, the company plans to offer its chip manufacturing capabilities to the third-party companies willing to make efforts and port their designs to Intel's semiconductor nodes. NVIDIA, one of the largest TSMC customers, could be a new Intel customer. Below, we compiled a few quotes that highlight Jensen Huang's opinions, taking the quotes from Tom's Hardware.
NVIDIA CEO Jensen HuangOur strategy is to expand our supply base with diversity and redundancy at every single layer. At the chip layer, at the substrate layer, the system layer, at every single layer. We've diversified the number of nodes, we've diversified the number of foundries, and Intel is an excellent partner of ours[…]. They're interested in us using their foundries, and we're very interested in exploring it. [...] I am encouraged by the work that is done at Intel, I think this is a direction they have to go, and we're interested in looking at their process technology. Our relationship with Intel is quite long; we work with them across a whole lot of different areas, every single PC, every single laptop, every single PC, supercomputer, we collaborate. [...] We have been working closely with Intel, sharing with them our roadmap long before we share it with the public, for years. Intel has known our secrets for years. AMD has known our secrets for years. We are sophisticated and mature enough to realize that we have to collaborate.[...] We share roadmaps, of course, under confidentiality and a very selective channel of communications. The industry has just learned how to work in that way.

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2022

NVIDIA (NASDAQ: NVDA) today reported record revenue for the fourth quarter ended January 30, 2022, of $7.64 billion, up 53 percent from a year ago and up 8 percent from the previous quarter. Gaming, Data Center and Professional Visualization market platforms each achieved record revenue for the quarter and year. GAAP earnings per diluted share for the quarter were a record $1.18, up 103 percent from a year ago and up 22 percent from the previous quarter. Non-GAAP earnings per diluted share were $1.32, up 69 percent from a year ago and up 13 percent from the previous quarter.

For fiscal 2022, revenue was a record $26.91 billion, up 61 percent from $16.68 billion a year ago. GAAP earnings per diluted share were a record $3.85, up 123 percent from $1.73 a year ago. Non-GAAP earnings per diluted share were $4.44, up 78 percent from $2.50 a year ago. "We are seeing exceptional demand for NVIDIA computing platforms," said Jensen Huang, founder and CEO of NVIDIA. "NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics - some of today's most impactful fields.

NVIDIA GTC 2022 to Feature Keynote From CEO Jensen Huang, New Products, 900+ Sessions

NVIDIA today announced that it will host its GTC 2022 conference virtually from March 21-24, with a news-filled keynote by its founder and CEO Jensen Huang and more than 900 sessions from 1,400 speakers, including some of the world's top researchers and industry leaders in AI, high performance computing and graphics. Huang's keynote will be live-streamed on Tuesday, March 22, at 8 a.m. Pacific time. This GTC will focus on accelerated computing, deep learning, data science, digital twins, networking, quantum computing and computing in the data center, cloud and edge. There will be more than 20 dedicated sessions on how AI can help visualize and further climate science.

"As one of the world's leading AI conferences, GTC provides a singular opportunity to help solve huge challenges and redefine the future for developers, researchers and decision-makers across industries, academia, business and government," said Greg Estes, vice president of Developer Programs at NVIDIA. "There's a mother lode of content and opportunities for attendees of all levels to deepen their knowledge and make new connections."

EU Pauses Investigation Into NVIDIA's ARM Acquisition as They Await Further Information

EU antitrust regulators have paused their probe into NVIDIA's proposed $40 billion acquisition of ARM as they await further information. This takeover which would be the largest chip merger in history is now "highly unlikely" according to analysts as regulators from the FTC in the US are suing to block the deal. The UK's Competition and Markets Authority (CMA) is also undergoing an in-depth investigation to discover potential national security risks and competition concerns. These competition concerns are shared by the FTC who state that the acquisition would stifle innovation in next-generation technologies and would distort Arm's incentives to benefit NVIDIA by undermining rivals. NVIDIA has originally hoped to complete the deal within 2 years however this timeline is now unachievable as noted by CEO Jensen Huang in August.

NVIDIA Announces Financial Results for Third Quarter Fiscal 2022

NVIDIA today reported record revenue for the third quarter ended October 31, 2021, of $7.10 billion, up 50 percent from a year earlier and up 9 percent from the previous quarter, with record revenue from the company's Gaming, Data Center and Professional Visualization market platforms. GAAP earnings per diluted share for the quarter were $0.97, up 83 percent from a year ago and up 3 percent from the previous quarter. Non-GAAP earnings per diluted share were $1.17, up 60 percent from a year ago and up 13 percent from the previous quarter.

"The third quarter was outstanding, with record revenue," said Jensen Huang, founder and CEO of NVIDIA. "Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations.
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