Nvidia CEO Jensen Huang said next-generation AI will need 100 times more compute than older models as a result of new reasoning approaches that think “about how best to answer” questions step by step.

It’s well-known that NVIDIA is a cornerstone of the AI boom, but its financial results released on February 26 illustrate exactly how much the company has prospered. NVIDIA saw a 78% year-over-year increase in quarterly revenue, reaching a record $39.3 billion. Quarter-over-quarter, NVIDIA’s revenue grew 12%.