2024-02-26 09:38:38 ET
%Nvidia CEO Jensen Huang declared %AI as reaching a "tipping point" as the chip making giant recently posted record shattering growth attributed to accelerating demand for AI capabilities across every industry. With revenue soaring 265% over $22 billion last quarter alone and data center sales to power intensive AI training skyrocketing 400%, (NASDAQ: NVDA) spotlights AI crossing into the lucrative mainstream.
"Demand is surging worldwide across companies, industries and nations," Huang emphasized. And with the company predicting another whopping 233% jump in quarterly revenues for its current quarter, underpinned by AI's increased real-world adoption, these record numbers preview immense opportunity still on the horizon. As Huang concluded, "accelerated computing and generative AI have hit the tipping point."
As AI transforms from experimental technology into essential business infrastructure, we have only begun unlocking its economic potential according to analysts. "We're starting to see mainstream usage of AI," added industry expert Bob O'Donnell. AI is no longer only leveraged by specialized tech giants like , but increasingly adopted by organizations of all sizes and sectors.
Amidst surging enterprise appetite for advanced AI capabilities, Alberta-based startup Impact Analytics exemplifies specialized innovation fulfilling unmet needs for enhanced risk management in the financial sector. By concentrating R&D efforts exclusively on tailoring flexible AI solutions to modernize legacy credit systems, PACT commands attention as a visionary digital transformation enabler supporting an industry vital to economic stability.
Advancing Financial Modernization Through Strategic Alignments
Meet % ImpactAnalytics ( CSE: PACT ) – an Alberta fintech pioneer applying focused AI innovations to transform legacy financial risk systems. At its core, their offering is a %RiskIntelligenceEngine aimed at advancing credit model governance through enhanced data insights.
Impact recently introduced two new offerings building on this foundation – % LanaCash to accelerate risk profiles, and % Credissential to streamline credit data management. To advance these products to market, the company launched the % PulseProgram : an effort in fostering alignments with financial institutions and other %Fintechs . This initiative establishes pilot deployments enabling real-world testing and input to refine products’ functionality for partners’ use cases before cementing commercial relationships that, in turn, guide ongoing product enhancement efforts.
An Investment Tailor-Made for the Digital Age
Most recently, Impact’s CEO Eric Entz revealed they are now offering global investors streamlined access to participate in this industry-wide transformation, as they listed company shares under the ticker PACT on Upstream - . Upstream is an app-based global securities trading platform, enabling streamlined access for digital-first investors worldwide.
Entz stated that by listing on this platform, PACT can add shareholder value by reaching modern retail investors to support the company’s expanded mission.
As IA strategically aligns partners across finance and technology to co-create specialized AI solutions for improved risk management, the company cements itself at the forefront of the pragmatic innovation evolving an evergreen industry. By combining a visionary approach with patient execution & bespoke feedback loops to bring legacy systems into the 21 st century, this emerging fintech company demonstrates tremendous untapped potential.
About Impact Analytics Inc.
Impact Analytics Inc. ( CSE: ), an intelligent risk assessment platform company, operates as a financial services company focusing on building an AI-powered risk assessment engine to govern and optimize organizational decision making. Its risk assessment model is designed to reimagine traditional finance in a meaningful way. The company was formerly known as Axiom Capital Advisors Inc. and changed its name to Impact Analytics Inc. in October 2023. The company was incorporated in 2020 and is headquartered in Calgary, Canada.
Comparables
NVIDIA Corporation ( Nasdaq: NVDA ) provides graphics, and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Compute & Networking segment comprises Data Center computing platforms and end-to-end networking platforms, including Quantum for InfiniBand and Spectrum for Ethernet; NVIDIA DRIVE automated-driving platform and automotive development agreements; Jetson robotics and other embedded platforms; NVIDIA AI Enterprise and other software; and DGX Cloud software and services. The company's products are used in gaming, professional visualization, data center, and automotive markets.
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