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2024-09-06 10:05:52
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Nvidia Invests $160 Million in Data Center Operator Applied Digital to Sustain GPU Sales Growth
The rapid development of AI technology has propelled GPUs to become a hot commodity worldwide, with Nvidia reporting significant growth in the second quarter, exceeding $30 billion in revenue. However, powerful GPUs require adequate data centers to support the AI demand. Nvidia, along with partners, is investing $160 million in Applied Digital to expedite the construction of data centers in North Dakota, aiming to provide data center and cloud services around Nvidia's GPUs. The construction of data centers is crucial, as GPUs are expensive.