Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence

Nvidia Corp. NVDA-Q on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chip-making dominance that has made the company an icon of the artificial-intelligence boom.
Its net income rose more than sevenfold compared with a year earlier, jumping to US$14.88-billion in its first quarter that ended April 28 from US$2.04-billion a year earlier. Revenue more than tripled, rising to US$26.04-billion from US$7.19-billion in the previous year.
The company reported […]
Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence

Canada's planned $2.4-billion artificial intelligence investment is already mostly obsolete

Prime Minister Justin Trudeau speaks during an announcement on innovation for economic growth in advance of the 2024 federal budget in Montreal on April 7.Graham Hughes/The Canadian Press
Joël Blit is a professor of economics at the University of Waterloo and a senior fellow at the Centre for International Governance Innovation. Jimmy Lin is the Cheriton Chair at the Cheriton School of Computer Science at the University of Waterloo and the co-director of Waterloo AI.
In the rapidly evolving […]
Canada's planned $2.4-billion artificial intelligence investment is already mostly obsolete