Nvidia Reports Strong Quarter Driven By The Pascal Launch & Strength In Deep Learning

Leading GPU manufacturer Nvidia reported its Q2 2017 earnings on August 11th. The company built on its growth momentum by posting revenues of $1.43 billion, an increase of 24% over the prior year and 9% quarter to quarter. It was above guidance and consensus as well. Except for a 6% decline in its OEM and IP business (in line with declining mainstream PC demand), Nvidia witnessed strong growth in all its business segments. The company registered strong double digit growth across its four key platforms – Gaming, Professional Visualization, Datacenter and Automotive, which together account for 89% of its revenue, up from 85% a year earlier.

from Forbes – Tech http://ift.tt/2aZdoS2
via IFTTT

Why Facebook Is Investing In a Hardware Lab

Recently, Facebook posted a blog about the opening of “Area 404”, a 22,000 square foot fully equipped hardware lab in its Menlo Park office. While Facebook generates most of its revenues from advertisements on its core social media platform, it has hardware-related initiatives intended to amplify or support its main business. These include its Connectivity Labs, the Oculus VR business, and promising research projects including Aquila and OpenCellular. The goal for Area 404 is to offer the various engineering teams a single location equipped with the latest equipment to pursue their projects. As Facebook continues to grow and focuses on immersive social experiences such as virtual reality, it will need intelligent hardware to support its growth. Area 404 should help the company better address these needs.

from Forbes – Tech http://ift.tt/2aHUsZ8
via IFTTT