Chip Maker Nvidia Adds Blockchain-AI Startup to Incubator
Nvidia is supporting a blockchain startup as part of its Inception Program, which seeks to support artificial intelligence development.
Chip making giant Nvidia has been making its case for why a court should dismiss a lawsuit alleging it misled investors over the demand for its graphics cards from cryptocurrency miners.
Graphics card maker Nvidia has said the downturn in sales to crypto miners drove a drop in revenue in Q4, despite a record year overall.
An amended lawsuit accuses the chip maker of concealing $1 billion in graphics processing unit sales to crypto miners to downplay risk to long-term profits.
Nvidia has cut its 4Q revenue forecast, which already factored in reduced demand for GPUs used in crypto mining.
Nvidia has seen a "substantial decline" in revenue from cryptocurrency miners, the company announced in its second quarter results Thursday.