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Nvidia Reports ‘Challenging’ Q2 As Data Center, Automotive Drive Sales
Components peripherals News
Thomas Grillo
August 24, 2022, 09:00 PM EDT
Nvidia Corp.’s data center business in the second quarter was one of the bright spots.
Advances in artificial intelligence powered Nvidia Corp.’s data center business in the second quarter as revenues swelled to $3.8 billion, up 61 percent from the same period one year ago, the Santa Clara, Calif.-based global technology company reported Wednesday.
It was among...
Tech partnership to drive Finland’s quantum computing project
Finland’s VTT Technical Research Centre has formed a strategic collaboration with tech startup IQM Group to build the country’s first quantum computer.
The VTT-IQM co-innovation partnership aims to deliver a 50-qubit machine by 2024, drawing on international quantum technology expertise to augment Finland’s home-grown quantum capabilities.
The partnership combines VTT’s expertise in supercomputing and networking systems with IQM’s capacity to deliver a hardware stack for a quantum computer while working with VTT to integrate critical technologies.
The financing element of the project saw IQM launch a new series A funding round in November. The Helsinki-headquartered company raised €39m in new capital in the funding round, bringing to €71m the total amount raised by IQM for quantum computing-related research and development...