Jensen Huang Explains How The Metaverse Might Withstand A Recession

Jensen Huang Explains How The Metaverse Might Withstand A Recession

Metaverse News
February 13, 2023 by Diana Ambolis
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The CEO of Nvidia, Jensen Huang, recently reported that the company had a challenging second fiscal quarter, noting a significant decline in PC and gaming console sales. The second-quarter gaming revenue was $2.04 billion, which was 33% lower than last year and 44% lower than the previous quarter. The turmoil in Ukraine and the economic
he CEO of Nvidia, Jensen Huang, recently reported that the company had a challenging second fiscal quarter, noting a significant decline in PC and gaming console sales.

The CEO of Nvidia, Jensen Huang, recently reported that the company had a challenging second fiscal quarter, noting a significant decline in PC and gaming console sales.

The second-quarter gaming revenue was $2.04 billion, which was 33% lower than last year and 44% lower than the previous quarter. The turmoil in Ukraine and the economic slump in China negatively influenced customer demand for Nvidia’s goods. Global macroeconomic slowdowns have a detrimental influence on consumer demand as well.

Despite this, Huang maintains his optimistic outlook for several vital long-term initiatives. One of them is the creation of Earth-2, a digital duplicate of our globe that, with adequate supercomputing simulation capabilities in the Omniverse, may enable scientists to predict climate change on Earth.Earth-2 will need the most powerful technology Nvidia has, such as the newly launched graphics processing unit (GPU) Hopper and the in-development central processing unit (CPU) Hopper. He is still assuming that we shall be granted unrestricted access to the metaverse if Nvidia produces an Earth-2 simulation with meter-level accuracy for the whole planet.

He will moderate a panel on the industrial metaverse at the next Nvidia GTC online conference, which will occur from September 19–23. We will also have Nvidia speakers at our MetaBeat conference in San Francisco on October 4, and we will revisit the metaverse at our GamesBeat Summit Next 2022 event on October 25-26. On October 4, both of these events will take place.The effects of the macro-environment have now become evident. It just kept pouring up. On the other hand, the macro environment consists of everything in the world that contributes to it. Even while each event, whether in Europe, Asia, or the United States, is independent of every other occasion, the global economy will soon hit its breaking point if you continue to pile it on.

The downward trend started in June and lasted through July. The personal computer industry has seen its most dramatic decline in several years. Although the supply network was extremely effective only a few months ago, when something of this kind happens so suddenly, the efficiency of the supply chain decreases. There was a considerable delay between cycles. The supply chain is now holding a substantial quantity of inventory. Suddenly, everything came to a grinding stop. In this particular scenario, Nvidia will address it head-on and offer its products at a much-discounted price over many months. We shall wait for the channel to resume regular operation so that the inventory can become correct.

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There are no separate investments in the Omniverse, nor are there any orthogonal investments. It elaborates on the three areas where the organization shines significantly. The company is an industry leader in computer graphics. The company will continue to enhance current technologies and pioneer new approaches to computer graphics as we speak. They will also continue to develop artificial intelligence. It cannot be disregarded. It is capable of finding answers to issues. The simulation of physics and the use of computers in the scientific community are highly advanced. There, Nvidia does vital work for a broad range of economic sectors and various scientific subfields.

It doesn’t matter if you’re a company that manufactures automobiles, ships, planes, agricultural products, consumer goods, or electronics; Omniverse enables every tool used in product design. This will be incredible for the industrial metaverse due to its universal data exchange. Omniverse offers everything. What will be fantastic for the industrial metaverse is what the Omniverse provides. It allows those organizations to have a single platform right from the beginning of the design process, which helps every designer, CAD engineer, CAE engineer, supply chain team, and the person responsible for establishing factories and performing simulations. It will now be feasible to synchronize everyone’s actions across all of the company’s entities for the first time.

The primary objective of the Earth-2 mission is to aid decision-makers, researchers, and scientists in their attempts to understand the impact that a variety of events will have on future climate. Until we can predict the weather a billion times faster, Nividia will not be able to perform regional climate simulations with sufficient accuracy to effect policy changes and any new scientific techniques we must embrace to combat climate change. This is the primary motivation for doing it.GEOSAT has uncovered material that must be put together. Earth-2 will include an endless number of layers. The first layer consists of a simulation of the climate based on physics. However, further layers will include information on cities, maps, and similar subjects.