Artificial intelligence chip giant Nvidia has seen its revenue double in the last quarter due to surging demands for AI technology. The company’s stock surged by nearly 10 per cent in after-hours trading on Wednesday after it posted a sales growth of 101 per cent year-over-year to $13.5bn for the three months ending in July. The company has been a pioneer in accelerated computing, popular among gamers for its GPU inventions that redefined computer graphics and sparked the growth of the PC gaming market. In recent years, the company ignited the era of modern AI and fuelled industrial digitalisation across markets. The American chipmaking giant makes processors behind generative AI, which form the backbone of chatbots like ChatGPT. “A new computing era has begun. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI,” said Jensen Huang, founder and chief of Nvidia in a statement. “The race is on to adopt generative AI,” he said. Since OpenAI’s ChatGPT came to prominence, many tech companies such as Google, Facebook and Snapchat have attempted to develop their own versions of the generative AI technology to better interact with users and offer human-like responses to queries. The revenue earned by the company over the last quarter is much stronger than the $11.2bn that Wall Street analysts expected. This surge in revenue was driven by the chipmaker’s data centre business that includes the production of AI chips. “During the quarter, major cloud service providers announced massive Nvidia H100 AI infrastructures. Leading enterprise IT system and software providers announced partnerships to bring Nvidia AI to every industry,” Mr Haung said. The company hopes for its earnings in the current quarter to be even greater, predicting a revenue of about $16bn. “Demand for our data center platform for AI is tremendous and broad-based across industries and customers.” Nvidia’s chief financial officer Colette Kress said on the company’s earnings call. “We believe global demand has returned to growth after last year’s slowdown,” Mr Kress said. Read More Google may soon roll out AI ‘personal life coach’ WhatsApp update gives users access to generative AI to create custom sticker art AI poses a profound threat – but could also help us in a variety of important ways, experts agree Jury finds teenager responsible for computer hacking spree Hackers ’emptied’ victims’ accounts and tried to blackmail GTA maker, court told Why India’s moon landing is about a lot more than exploring the lunar surface

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Artificial intelligence (AI) tools such as ChatGPT can be tricked into producing malicious code which could be used to launch cyber attacks, according to research. A study by researchers from the University of Sheffield’s Department of Computer Science found that it was possible to manipulate chatbots into creating code capable of breaching other systems. Generative AI tools such as ChatGPT can create content based on user commands or prompts and are expected to have a substantial impact on daily life as they become more widely used in industry, education and healthcare. But the researchers have warned that vulnerabilities exist, and said their research found they were able to trick the chatbots into helping steal sensitive personal information, tamper with or destroy databases, or bring down services using denial-of-service attacks. In reality many companies are simply not aware of these types of threats and due to the complexity of chatbots, even within the community, there are things that are not fully understood Xutan Peng, University of Sheffield PhD student In all, the university study found vulnerabilities in six commercial AI tools – of which ChatGPT was the most well-known. On Chinese platform Baidu-Unit, the scientists were able to use malicious code to obtain confidential Baidu server configurations and tampered with one server node. In response, the research has been recognised by Baidu, which addressed and fixed the reported vulnerabilities and financially rewarded the scientists, the university said. Xutan Peng, a PhD student at the University of Sheffield, who co-led the research, said: “In reality many companies are simply not aware of these types of threats and due to the complexity of chatbots, even within the community, there are things that are not fully understood. “At the moment, ChatGPT is receiving a lot of attention. It’s a standalone system, so the risks to the service itself are minimal, but what we found is that it can be tricked into producing malicious code that can do serious harm to other services.” The risk with AIs like ChatGPT is that more and more people are using them as productivity tools, rather than a conversational bot, and this is where our research shows the vulnerabilities are Xutan Peng, University of Sheffield PhD student The researchers also warned that people using AI to learn programming languages was a danger, as they could inadvertently create damaging code. “The risk with AIs like ChatGPT is that more and more people are using them as productivity tools, rather than a conversational bot, and this is where our research shows the vulnerabilities are,” Peng said. “For example, a nurse could ask ChatGPT to write an (programming language) SQL command so that they can interact with a database, such as one that stores clinical records. “As shown in our study, the SQL code produced by ChatGPT in many cases can be harmful to a database, so the nurse in this scenario may cause serious data management faults without even receiving a warning.” The UK will host an AI Safety Summit next week, with the Government inviting world leaders and industry giants to come together to discuss the opportunities and safety concerns around artificial intelligence. Read More Tinder adds Matchmaker feature to let friends recommend potential dates Google and Meta withdraw from upcoming Web Summit ‘Game-changing’ facial recognition technology catches prolific shoplifters Facial recognition firm Clearview AI overturns UK data privacy fine Sadiq Khan, Met Commissioner to ask phone companies to ‘design out’ theft Microsoft gets go-ahead to buy Call of Duty maker Activision

TOKYO--(BUSINESS WIRE)--Jul 17, 2023--

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