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I've always wondered why the government doesn't regulate that as part of reporting requirements. Fiscal year = calendar year for example. I don't see any downsides.
the upside to having a non-calendar fiscal year (and one with staggered quarters vs calendar as well) is that you're not vying against with every other company for accountants to do your quarterly and year end reconciliation and audits at the exact same time. It works for accountants too so they're not all crunching every December, March, June and September and sitting around un-billable the other 8 months.
Also, having the holiday season in the middle of the fiscal year probably helps a ton with budgeting. Its quite difficult to have Christmas right at the end of the year for business predictability, then month and year end crunch.
They do regulate it - and Nvidia is riding at the edge of legality.
Personally I don’t see any harm in current situation. For example universities have very natural fiscal year break in the summer and forcing FY break to mid-winter would make their business practices much more cumbersome to follow.
Same applies to many other businesses. Sports leagues usually don’t have cutoff point 31. Dec and for example ski resorts rather follow and report their numbers without splitting season into two different fiscal years.
There are many good reasons to have fiscal year start at some different day than 1st of Jan.
Since this only affects owners of NVDA stocks and bonds, I don’t have much sympathy for their complaints about arbitrary fiscal year somehow harming them.
Company Y incorporates on January 3 2000, their fiscal year ends January 2 2001, hence they report fiscal year 2001 and their fiscal year 2002 begins January 3 2001.
The government does regulate it, you're having issues with the regulation.
The automotive results is so dissapointing, it tells me all these automakers are morons and don't understand why they're going to go bankrupt. Tesla and other makers will swoop in with cheap golfcarts that are autonomous driving and really shake the marketplace.
These next generation of SoCs will really reduce the number of parts in a car, especially when they're electric and so the parts are already significantly reduced. Right now the barrier to entry to compete in the car market is high with so many individual parts. When you have millions of drones doing autonomous deliveries for trucks, last mile amazon, we'll see a huge transformation where automotive segment will dwarf everything except maybe datacenter.
I'm annoyed, Volvo said the XC90 was gonna be selfdriving in 2020, and now they pushed it to 2022, and their press releases keep changing with no explanation. My biggest fear right now is getting killed on the road, and we need selfdriving cars ASAP.
@webdoctors: "swoop in with cheap golfcarts that are autonomous driving" They'll be free mate, and they won't only self drive, they'll self-doeverything. One day they'll self write AT comments for you.
But seriously, the reason most manufacturers aren't investing in the kind of tech aimed at "self-driving" instead of "driver assist" because the only place self driving exists is in PR and marketing materials aimed at speculators and *very* simple folk who get educated from leaflets. For driver assists you don;t necessarily need a super high tech silicon brain. You may think people go crazy about buying self driving but that only drives some sales at the higher end and relatively irrelevant in the grand scheme of car sales. Most people will *not* leave their life in the hands of tech as unreliable as "self driving" until it proves it's at least as good as a human. In all conditions.
With or without a sack of Nvidia tech in your trunk won't change the fact that all it will do any time soon is try to stay between 2 lines and break before hitting the car in front. And it still fails too often. I'm reasonably confident that the only morons are the ones using "self-driving" as if it's actually self-driving.
I live in TX. I could write pages and pages on the crazy stuff I see on a daily basis. Ppl weaving across 3 lanes of traffic, driving the wrong way, running red lights, 100% no turn signals for some drivers, switching lanes in the middle of the intersection, breaking to 0 so you can cut across 2 lanes to get on or off a highway on ramp. Ignoring even the 3pm drunk drivers murdering families.
You can use lasers today to blind human drivers. I'll take computers over humans, but thats my personal bias.
When Google made their first alpha test with non-project employees back in 2013 they had people fumbling through backpacks, applying make-up and even asleep at the wheel. This was despite being made explicitly clear that this project was highly experimental and they should be ready to intercept it at any time.
I think convenience will quickly win over any safety concerns, like even if the car's driving was flawless there's still the risk of being rammed, rear-ended or side-swiped by a moron. If you can't get to zero risk anyway you might as well accept a tiny bit of risk for turning your commute into leisure time. A self-driving car will sell as quickly as they're able to make them.
Agreed. To me the biggest obstacle is figuring out who is at fault for crashes. Self-driving cars are going to be safer than human controlled vehicles, but with a human at the wheel it is easy to find who is to blame for an accident. With AI, does the company who designed it face the consequences? Will it still be the driver?
Yes. Tesla, the same company that can barely stay profitable, is going to just DOMINATE the automotive market along with a bunch on new unamed companies. Because, you know, manufacturing and supporting vast product lines is just SO easy, right?
Self-driving level 5 cars are still a pipe dream on par with powering the whole world with solar panels and fuzzy feelings. The presence of a more powerful SoC isnt going to magically make the complication of cars simple like a golf cart. Much like electric cars, big companies are not going to dump billions into automation when these other companies are willing to go bankrupt trying to prove said tech, and the patents can be scooped up cheap after they collapse.
We've seen driver aides be unpredictable, lane keep assist systems causing cars to veer violently, automatic emergency brakes stop cars at total random, and blind spot monitors report false postitives/negatives, and to this day none of these companeis have an answer for dirty sensors, or snow, or rain, thats why they all test in arizona or texas.
These systems are barely any more advanced then what DARPA funded in 2007. They're much smaller, no longer taking up the whole interior of a vehicle, but not much more capable.
You're drawing the conclusion that "automakers are morons" missing the boat on self-driving because *one* hardware vendor's automotive sales aren't so hot. The thing is, Nvidia aren't even selling a self-driving system - they're selling the computational hardware on which you could *potentially* run a self-driving system, if you've developed one that works within their specifications.
As far as I'm aware nobody has a production-ready self-driving system yet - they're all in development. Investing in more than just the kit you need for a few prototypes at this point in time would be the moronic thing to do, especially as Nvidia regularly revise their kit.
P.S. - the reason there are delays with no explanation for the XC90 is because self-driving is *hard* and coming out saying "we haven't figured it out yet" would impact their sales, even though it would be true and accurate and totally fair. Consumers aren't rational beings...
""Q2 will be the first whole quarter for A100 accelerator shipments"" _______________________________________________________
Do we know this? In your article "NVIDIA Announces New GPU Architecture" there was no mention of availability __ and the 'artistic renderings' of the PCBs were, shall we say, less than credible?
And, good for nVidia. Happy days are here, again. Make $1B in Q1, and pay 1% in taxes. Yipppppeeee!
Yes we know it because Huang said so in the earnings conference call. The A100 GPU and the DGX-A100 server is already out in the wild. Argonne National Labs reportedly already has one. There's no reason to believe that NVIDIA is pretending a product is available but it isn't. So since the product came out late in Q1, Q2 will be the first whole quarter with shipments. Of course, they will continue to ramp throughout the year. I'm guessing the majority of sales in Q2 will likely still be from T4s and V100s.
And NVIDIA paid 9% taxes and expects to pay 9% next quarter as well. That is in their financial filings.
People are playing more games than before because they are spending so much time inside. They aren't spending money on going to movies, gasoline, airline tickets, hotels, going to restaurants and bars, going to sports events, going to concerts, etc. It's not like people are suddenly not going to spend any money on entertainment, especially because they expect the unemployment to be temporary and because they are getting money in the interim in the form of unemployment checks and the government stimulus checks. Some people are even not paying rent during the lock downs.
Additionally, people are buying more laptops in order to work from home and the increased stay-at-home activities such as work-from-home, schooling-from-home, video streaming, online gaming, etc., all require data center infrastructure.
Finally, small businesses, who don't have much data center presence are hurting and might take a while to recover, while companies like Walmart, who do contribute to data center business, are experiencing record sales.
Right now if you regularly make $800 a week and got laid off you may normally collect $450 in unemployment but the stimulus bill makes that $1050 so yeah, there are quite a few unemployed people with extra money to spend.
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Drake H. - Friday, May 22, 2020 - link
I don't get it... Can Nvidia predict the future?UltraWide - Friday, May 22, 2020 - link
Of course they can, one quarter at a time!alicebcao75 - Monday, June 8, 2020 - link
Make 6150 bucks every month… Start doing online computer-based work through our website. I have been working from home for 4 years now and I love it. I don’t have a boss standing over my shoulder and I make my own hours. The tips below are very informative and anyone currently working from home or planning to in the future could use this website. WWW. iⅭash68.ⅭＯⅯa
Ryan Smith - Friday, May 22, 2020 - link
NVIDIA's fiscal year starts early; so they're already on FY2021.Alistair - Friday, May 22, 2020 - link
I've always wondered why the government doesn't regulate that as part of reporting requirements. Fiscal year = calendar year for example. I don't see any downsides.drexnx - Friday, May 22, 2020 - link
the upside to having a non-calendar fiscal year (and one with staggered quarters vs calendar as well) is that you're not vying against with every other company for accountants to do your quarterly and year end reconciliation and audits at the exact same time. It works for accountants too so they're not all crunching every December, March, June and September and sitting around un-billable the other 8 months.thesavvymage - Friday, May 22, 2020 - link
Also, having the holiday season in the middle of the fiscal year probably helps a ton with budgeting. Its quite difficult to have Christmas right at the end of the year for business predictability, then month and year end crunch.zepi - Friday, May 22, 2020 - link
They do regulate it - and Nvidia is riding at the edge of legality.Personally I don’t see any harm in current situation. For example universities have very natural fiscal year break in the summer and forcing FY break to mid-winter would make their business practices much more cumbersome to follow.
Same applies to many other businesses. Sports leagues usually don’t have cutoff point 31. Dec and for example ski resorts rather follow and report their numbers without splitting season into two different fiscal years.
There are many good reasons to have fiscal year start at some different day than 1st of Jan.
Since this only affects owners of NVDA stocks and bonds, I don’t have much sympathy for their complaints about arbitrary fiscal year somehow harming them.
voicequal - Saturday, May 23, 2020 - link
A quarter or a year is simply a convenient period of time to true up accounts. Call it if you want FY0001, FY0002,....BenSkywalker - Sunday, May 24, 2020 - link
Company Y incorporates on January 3 2000, their fiscal year ends January 2 2001, hence they report fiscal year 2001 and their fiscal year 2002 begins January 3 2001.The government does regulate it, you're having issues with the regulation.
webdoctors - Friday, May 22, 2020 - link
The automotive results is so dissapointing, it tells me all these automakers are morons and don't understand why they're going to go bankrupt. Tesla and other makers will swoop in with cheap golfcarts that are autonomous driving and really shake the marketplace.These next generation of SoCs will really reduce the number of parts in a car, especially when they're electric and so the parts are already significantly reduced. Right now the barrier to entry to compete in the car market is high with so many individual parts. When you have millions of drones doing autonomous deliveries for trucks, last mile amazon, we'll see a huge transformation where automotive segment will dwarf everything except maybe datacenter.
I'm annoyed, Volvo said the XC90 was gonna be selfdriving in 2020, and now they pushed it to 2022, and their press releases keep changing with no explanation. My biggest fear right now is getting killed on the road, and we need selfdriving cars ASAP.
yeeeeman - Friday, May 22, 2020 - link
Don't hurry because currently self driving cars might just kill you instead of a human driver.close - Friday, May 22, 2020 - link
@webdoctors: "swoop in with cheap golfcarts that are autonomous driving"They'll be free mate, and they won't only self drive, they'll self-doeverything. One day they'll self write AT comments for you.
But seriously, the reason most manufacturers aren't investing in the kind of tech aimed at "self-driving" instead of "driver assist" because the only place self driving exists is in PR and marketing materials aimed at speculators and *very* simple folk who get educated from leaflets. For driver assists you don;t necessarily need a super high tech silicon brain. You may think people go crazy about buying self driving but that only drives some sales at the higher end and relatively irrelevant in the grand scheme of car sales. Most people will *not* leave their life in the hands of tech as unreliable as "self driving" until it proves it's at least as good as a human. In all conditions.
With or without a sack of Nvidia tech in your trunk won't change the fact that all it will do any time soon is try to stay between 2 lines and break before hitting the car in front. And it still fails too often. I'm reasonably confident that the only morons are the ones using "self-driving" as if it's actually self-driving.
webdoctors - Friday, May 22, 2020 - link
I live in TX. I could write pages and pages on the crazy stuff I see on a daily basis. Ppl weaving across 3 lanes of traffic, driving the wrong way, running red lights, 100% no turn signals for some drivers, switching lanes in the middle of the intersection, breaking to 0 so you can cut across 2 lanes to get on or off a highway on ramp. Ignoring even the 3pm drunk drivers murdering families.You can use lasers today to blind human drivers. I'll take computers over humans, but thats my personal bias.
Beaver M. - Tuesday, May 26, 2020 - link
I still wonder why autonomous cars will do if their sensors get blocked. A big fat bumble bee splattering all over the camera for example.Beaver M. - Tuesday, May 26, 2020 - link
Or someone who doesnt like you putting a color filter over the camera.Kjella - Saturday, May 23, 2020 - link
When Google made their first alpha test with non-project employees back in 2013 they had people fumbling through backpacks, applying make-up and even asleep at the wheel. This was despite being made explicitly clear that this project was highly experimental and they should be ready to intercept it at any time.I think convenience will quickly win over any safety concerns, like even if the car's driving was flawless there's still the risk of being rammed, rear-ended or side-swiped by a moron. If you can't get to zero risk anyway you might as well accept a tiny bit of risk for turning your commute into leisure time. A self-driving car will sell as quickly as they're able to make them.
ingwe - Sunday, May 24, 2020 - link
Agreed. To me the biggest obstacle is figuring out who is at fault for crashes. Self-driving cars are going to be safer than human controlled vehicles, but with a human at the wheel it is easy to find who is to blame for an accident. With AI, does the company who designed it face the consequences? Will it still be the driver?TheinsanegamerN - Tuesday, May 26, 2020 - link
Yes. Tesla, the same company that can barely stay profitable, is going to just DOMINATE the automotive market along with a bunch on new unamed companies. Because, you know, manufacturing and supporting vast product lines is just SO easy, right?Self-driving level 5 cars are still a pipe dream on par with powering the whole world with solar panels and fuzzy feelings. The presence of a more powerful SoC isnt going to magically make the complication of cars simple like a golf cart. Much like electric cars, big companies are not going to dump billions into automation when these other companies are willing to go bankrupt trying to prove said tech, and the patents can be scooped up cheap after they collapse.
We've seen driver aides be unpredictable, lane keep assist systems causing cars to veer violently, automatic emergency brakes stop cars at total random, and blind spot monitors report false postitives/negatives, and to this day none of these companeis have an answer for dirty sensors, or snow, or rain, thats why they all test in arizona or texas.
These systems are barely any more advanced then what DARPA funded in 2007. They're much smaller, no longer taking up the whole interior of a vehicle, but not much more capable.
Spunjji - Wednesday, May 27, 2020 - link
You're drawing the conclusion that "automakers are morons" missing the boat on self-driving because *one* hardware vendor's automotive sales aren't so hot. The thing is, Nvidia aren't even selling a self-driving system - they're selling the computational hardware on which you could *potentially* run a self-driving system, if you've developed one that works within their specifications.As far as I'm aware nobody has a production-ready self-driving system yet - they're all in development. Investing in more than just the kit you need for a few prototypes at this point in time would be the moronic thing to do, especially as Nvidia regularly revise their kit.
P.S. - the reason there are delays with no explanation for the XC90 is because self-driving is *hard* and coming out saying "we haven't figured it out yet" would impact their sales, even though it would be true and accurate and totally fair. Consumers aren't rational beings...
thesavvymage - Friday, May 22, 2020 - link
Typo: "For Q1’FY20, NVIDIA booked $3.08B in revenue." Should be Q1'2021 no?Ryan Smith - Friday, May 22, 2020 - link
Thanks!As you can see, at times it is quite hard to write about fiscal quarters set this far in the future...
Smell This - Friday, May 22, 2020 - link
""Q2 will be the first whole quarter for A100 accelerator shipments""_______________________________________________________
Do we know this?
In your article "NVIDIA Announces New GPU Architecture" there was no mention of availability __ and the 'artistic renderings' of the PCBs were, shall we say, less than credible?
And, good for nVidia. Happy days are here, again. Make $1B in Q1, and pay 1% in taxes. Yipppppeeee!
Yojimbo - Friday, May 22, 2020 - link
Yes we know it because Huang said so in the earnings conference call. The A100 GPU and the DGX-A100 server is already out in the wild. Argonne National Labs reportedly already has one. There's no reason to believe that NVIDIA is pretending a product is available but it isn't. So since the product came out late in Q1, Q2 will be the first whole quarter with shipments. Of course, they will continue to ramp throughout the year. I'm guessing the majority of sales in Q2 will likely still be from T4s and V100s.And NVIDIA paid 9% taxes and expects to pay 9% next quarter as well. That is in their financial filings.
Spunjji - Wednesday, May 27, 2020 - link
Woof, 9%. It's amazing how that almost seems high compared with giants like Amazon.juhatus - Saturday, May 23, 2020 - link
I bet all those 30Million+, only in US, unemployed will buy 1200$ GPU's like hot cakes.Jokes aside, Nvidia is not going to be hit with slowed down economy because of Covid?? What are they on with predictions?
brucethemoose - Saturday, May 23, 2020 - link
Whatever the rest of the stock market is on?To be fair, the growth will come from datacenter market. AI doesn't need high employment to datamine you :P
Yojimbo - Saturday, May 23, 2020 - link
People are playing more games than before because they are spending so much time inside. They aren't spending money on going to movies, gasoline, airline tickets, hotels, going to restaurants and bars, going to sports events, going to concerts, etc. It's not like people are suddenly not going to spend any money on entertainment, especially because they expect the unemployment to be temporary and because they are getting money in the interim in the form of unemployment checks and the government stimulus checks. Some people are even not paying rent during the lock downs.Additionally, people are buying more laptops in order to work from home and the increased stay-at-home activities such as work-from-home, schooling-from-home, video streaming, online gaming, etc., all require data center infrastructure.
Finally, small businesses, who don't have much data center presence are hurting and might take a while to recover, while companies like Walmart, who do contribute to data center business, are experiencing record sales.
BenSkywalker - Sunday, May 24, 2020 - link
Right now if you regularly make $800 a week and got laid off you may normally collect $450 in unemployment but the stimulus bill makes that $1050 so yeah, there are quite a few unemployed people with extra money to spend.kaisersoser - Friday, June 5, 2020 - link
It helps when you charge 1200 USD for a graphics cardPomodoro Technique - Monday, July 20, 2020 - link
Best pomodoro technique for manage time in study,Kitchen and etc.https://pomodorotimer.blogspot.com/