Posted by Alumni from TechCrunch
March 24, 2024
Nvidia and Amazon Web Services, the lucrative cloud arm of Amazon, have a surprising amount in common. For starters, their core businesses emerged from a happy accident. For AWS, it was realizing that it could sell the internal services ' storage, compute and memory ' that it had created for itself in-house. For Nvidia, it was the fact that the GPU, created for gaming purposes, was also well suited to processing AI workloads. That eventually led to some explosively growing revenue in recent quarters. Nvidia's revenue has been growing at triple digits, moving from $7.1 billion in Q1 2024 to $22.1 billion Q4 2024. That's a pretty amazing trajectory, although the vast majority of that growth was in the company's data center business. While Amazon never experienced that kind of intense growth spurt, it has consistently been a big revenue driver for the e-commerce giant, and both companies have experienced first market advantage. Over the years, though, Microsoft and Google have joined... learn more
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