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Artificial Intelligence (AI) chip manufacturer Nvidia has reported a record quarterly revenue of $39.3 billion, a 78% increase from the previous year. This comes on the back of growing demand for AI chips and a race to attain dominance for several countries. The sector’s growth also led to a similar result in AI coins within the crypto market. Nvidia Nets Better-Than-Expected Earning Nvidia recorded positive financial reports for Q4 2024 marking a rise in investment through the year. High points was the 78% yearly jump in revenue to $39.3 billion while a 12% growth was recorded from the Q3 2024. Its Data Center saw revenues at $35.6 billion, up 93% while total revenues from last year surged 114% to $130.5 billion. Jensen Huang, the CEO of Nvidia attributed the success to a number of factors including the demand for Blackwell AI supercomputers which makes training shorter and enhances results. Last year, Nvidia’s growth outpaced major firms dominating the financial markets as the AI frency grew. “We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries.” Last year, the company announced that it would become a tech partner for the $500 billion Stargate Project. The Data Center partnered with AWS for the NVIDIA DGX Cloud AI platform. The company’s automotive revenue surged 27% to $570 million. The company announced that Toyota will build its next-generation cars on the NVIDIA DRIVE AGX ORIN. “Partnered with Hyundai Motor Group to create safer, smarter vehicles, supercharge manufacturing, and deploy cutting-edge robotics with NVIDIA AI and NVIDIA Omniverse. Announced that the NVIDIA DriveOS safe autonomous driving operating system received ASIL-D functional safety certification and launched the NVIDIA DRIVE AI Systems Inspection Lab,” the statement read. The State of AI Coins Last year, AI coins soared alongside the crypto market but recorded periods of strong buying momentum. This was triggered by the growing interest in AI in institutional and retail markets. Despite the wider market dip, AI coins are up 1.5%, with multiple assets notching gains after Nvidia’s positive earnings. Near Protocol gained 3.2%, lowering weekly losses, while Internet Computer and Render moved up 3.9% and 4.7%, respectively. While an upward breakout remains on the cards, bear sentiments from top coins threaten recorded gains.

Memes Lab raises $2.3M Memes Lab, a project within The Open Network ( $TON ) blockchain ecosystem, has raised $2.3 million in a seed round led by Lemniscap. TVM Ventures, Animoca Brands, OKX Ventures, GSR and Amber Group also participated in the funding round, The Block reported. The investment will be used to develop an integrated platform for TON ecosystem applications.

Memes Lab raises $2.3 million in seed round led by Lemniscap

Mira Murati's new startup, Thinking Machines Lab, aims to advance AI through open science and practical applications. 💡 🤖

$ANLOG Space exploration has long been a fascinating and complex field, with numerous challenges and obstacles to overcome. One of the most significant hurdles has been the cost and sustainability of launching spacecraft into orbit. However, with the advent of reusability, the space industry is undergoing a revolution. In this article, we'll explore the future of space exploration and how reusability is transforming the industry. The Challenges of Space Exploration Space exploration is a complex and challenging field, with numerous obstacles to overcome. Some of the most significant challenges include: 1. _Cost_: Launching spacecraft into orbit is extremely expensive, with the cost of a single launch ranging from tens to hundreds of millions of dollars. 2. _Sustainability_: Traditional launch systems are not sustainable, with most rockets being used once and then discarded. 3. _Reliability_: Spacecraft are complex systems, and reliability is a major concern. A single malfunction can result in the loss of the entire mission. The Advent of Reusability Reusability is a game-changer for the space industry. By developing rockets and spacecraft that can be reused multiple times, the cost and sustainability of space exploration are significantly improved. Some of the key benefits of reusability include: 1. _Cost Savings_: Reusability can save millions of dollars per launch, making space exploration more accessible and affordable. 2. _Increased Sustainability_: Reusability reduces the amount of waste generated by traditional launch systems, making space exploration more sustainable. 3. _Improved Reliability_: Reusability allows for the testing and refinement of spacecraft and rockets, improving reliability and reducing the risk of malfunction. Companies Leading the Charge Several companies are leading the charge in reusability, including: 1. _SpaceX_: SpaceX is a pioneer in reusability, with its Falcon 9 and Falcon Heavy rockets capable of returning to Earth and being reused multiple times. 2. _Blue Origin_: Blue Origin is another company leading the charge in reusability, with its New Shepard rocket capable of returning to Earth and being reused multiple times. 3. _Rocket Lab_: Rocket Lab is a company that specializes in small satellite launches, with its Electron rocket capable of being reused multiple times. The Future of Space Exploration The future of space exploration is exciting and rapidly evolving. With reusability revolutionizing the industry, we can expect to see: 1. _Increased Access to Space_: Reusability will make space exploration more accessible and affordable, enabling more companies and governments to participate. 2. _More Frequent Launches_: Reusability will enable more frequent launches, allowing for a faster pace of innovation and discovery. 3. _New Opportunities for Space-Based Business_: Reusability will enable new opportunities for space-based business, including satellite constellations, space tourism, and lunar/Mars exploration. Conclusion Reusability is revolutionizing the space industry, enabling more sustainable, reliable, and cost-effective access to space. As the industry continues to evolve, we can expect to see new opportunities for space-based business, increased access to space, and more frequent launches. The future of space exploration is exciting, and reusability is leading the charge. Key Takeaways 1. Space exploration is a complex and challenging field, with numerous obstacles to overcome. 2. Reusability is a game-changer for the space industry, enabling cost savings, increased sustainability, and improved reliability. 3. Companies like SpaceX, Blue Origin, and Rocket Lab are leading the charge in reusability. 4. The future of space exploration is exciting and rapidly evolving, with reusability enabling new opportunities for space-based business, increased access to space, and more frequent launches. 5. Reusability is revolutionizing the space industry, and its impact will be felt for generations to come.