Artificial intelligence company and chipmaker NVIDIA hit a stock market valuation of $2 trillion last week, marking a continuation of the AI market boom.
What’s next for AI, and how will advancements impact the public and private sectors alike? Find out at the Potomac Officers Club’s 5th Annual AI Summit on March 21. Join us to hear insights from the Pentagon, the CIA, NGA, DARPA, DHS and other agencies leading the AI conversation. Register here.
“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” said NVIDIA CEO and Founder Jensen Huang.
The company reported a 126 percent jump in full-year revenue for fiscal year 2024 and a 22 percent jump from its third quarter revenue. Huang said he expects that the year ahead will “bring major new product cycles with exceptional innovations to help propel our industry forward.”
AI is taking hold beyond the private sector and into the U.S. federal government as AI shows promise in military applications. For example, the Pentagon is working on fielding thousands of autonomous unmanned systems as part of its Replicator program. And the Department of Defense’s Chief Digital and AI Office recently released a new AI strategy guiding the DOD’s investment in and adoption of AI.
Stay updated on the latest developments, trends and initiatives in the AI space at POC’s 5th Annual AI Summit on March 21. Register here.