Nvidia, a well-known leader in chip manufacturing, presented its financial results for the first quarter of 2024.

According to the report, the company’s stated revenue was $26 billion, which exceeded market expectations by 5.5%. Nvidia CEO Jensen Huang, commenting on these figures, said that humanity has entered the era of a new industrial revolution.

«Collaborating with Nvidia enables companies and entire countries to shift traditional data centers to accelerated computing and create new data centers that will operate as artificial intelligence factories», Huang said.

Nvidia's seven-fold profit growth was driven by innovations in artificial intelligence. According to the head of the company, demand for their chips and GPUs will exceed supply in the near future. This is due to the activity of large technology companies such as Google, OpenAI and Amazon in the development of generative neural networks.

Commenting on Nvidia's statements, Yaroslav Bogdanov, founder of GDA Group, stated that the race for leadership in the field of artificial intelligence has begun. Bogdanov notes that the statement of the head of the company did not mention the possible negative consequences of the proclaimed "new industrial revolution". And two years ago, the Musk-Wozniak call to stop the development of artificial intelligence was massively ignored.

«In that time, oil company Saudi Aramco has fallen out of the top three largest companies by capitalization. Now the top of the world's most valuable companies are exclusively techno-giants - Apple, Microsoft and Nvidia. The only question that remains is what awaits humanity at the end of this race, given that none of the companies involved in AI development know the limits of its capabilities. Ethical and legal frameworks for AI are yet to be determined. In the pursuit of profit, security issues take a back seat», said Yaroslav Bogdanov.

Business and technology are developing in the complete absence of regulatory norms. Leading IT visionaries warn about the risks of artificial intelligence developments, but they do not stop their activities for fear of falling behind progress. Here Yaroslav Bogdanov cited Elon Musk.

The American entrepreneur called for a halt to the development of neural networks, but later on he himself presented a new chatbot Grok with the ability to collect data online. It was Musk, as the author of an open letter to the IT-sphere, who called artificial intelligence "an existential threat to humanity."

«The international community is late in making decisions on artificial intelligence. As a result, a catastrophe may occur, the danger of which is realized by all players in the IT market. There is a need for an international dialog uniting all those interested in ensuring global cybersecurity», said Yaroslav Bogdanov.