Latest AI News

Nvidia CEO Jensen Huang claims the AI boom is far from over, forecasting $3-4 trillion in global AI infrastructure spending by decade's end. Nvidia's quarterly revenue reached $46.74 billion, with data center AI chips comprising 88% of sales. Despite geopolitical challenges and export restrictions, the company remains optimistic, implementing a $60 billion buyback plan and developing next-generation Blackwell architecture while pursuing government contracts worth up to $20 billion.

Snowflake has increased its annual product revenue forecast after strong Q2 results driven by AI demand. The cloud analytics company reported $728 million in Q2 revenue (13% year-over-year growth), with subscription revenue up 12% to $711 million. Earnings per share reached $0.91, exceeding analyst expectations. Snowflake now projects annual product revenue of $4.34 billion, up from its previous $4.33 billion forecast. The company serves over 11,000 customers worldwide, including 580 organizations generating more than $1 million in annual product revenue and 745 Forbes Global 2000 companies.

Google is investing $9 billion in Virginia through 2026 to strengthen its AI and cloud infrastructure. The expansion includes a new data center in Chesterfield County and upgrades to facilities in Loudoun and Prince William counties. Virginia was chosen for its status as the world's largest data center market, tax incentives, and skilled workforce. The investment will boost economic opportunities in tech and include educational programs like the AI Career Launch Pad.

Snowflake raised its annual product revenue forecast to $4.40 billion as AI adoption accelerates among enterprises. Q2 product revenue reached $1.09 billion, a 32% year-over-year increase, exceeding expectations. The company's cloud-agnostic platform positions it as a preferred solution for organizations building AI applications. Following strong results, Snowflake's shares rose 11% in extended trading, with analysts maintaining predominantly positive ratings.