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THE DAILY INDEX

Technology, AI, software, security, crypto and business

PROGRAMMING, DESIGN & DATA SCIENCE

TLDR

NVIDIA REVENUE JUMPS 122% IN POSITIVE SIGN FOR TECH'S A.I. BOOM

Nvidia recently reported that its sales and profits had more than doubled during the last quarter. The company also projected that sales in the current quarter will increase by 80% compared to a year ago, exceeding earlier estimates. Nvidia's revenue was $30.04 billion last quarter, and its net income rose to $16.95 billion. It will spend $50 billion on repurchasing its own shares. Nvidia now supplies more than 90% of the chips essential to building AI, but competition is on the rise, with other companies developing custom chips to lessen their dependence on Nvidia.

TELEGRAM CEO CHARGED WITH NUMEROUS CRIMES AND IS BANNED FROM LEAVING FRANCE

Telegram CEO Pavel Durov has been indicted in France on charges including web-mastering an online platform in order to enable an illegal transaction in an organized group, complicity in drug trafficking, distribution of child pornography, and providing cryptology services without making required declarations to government officials. Telegram has released a statement saying that it follows the law and industry standards on moderation and that it was absurd to claim that a platform or its owner is responsible for the abuse of that platform. Durov was ordered to post bail of 5 million euros. He is forbidden from leaving the country and must report to police twice a week while the case continues.

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