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Industry

Nvidia Q2 net profit $59.7 billion, up 126 percent year on year

Nvidia posted fiscal 2027 second-quarter revenue of $96.2 billion and net profit of $59.7 billion, beating market expectations. Revenue rose 106 percent and net profit gained 126 percent from a year earlier, while gross margin increased to 75 percent. Data center revenue climbed to $89.0 billion, above a Bloomberg-compiled estimate. Nvidia forecast next-quarter revenue of $108.0 billion, plus or minus 2 percent, and said the outlook excludes China data center computing revenue.

AI & Enterprise

Google Cloud expands industry-specific AI, launches Gemini Enterprise for finance and legal sectors

Google Cloud said on Aug. 25 it will launch packaged versions of Gemini Enterprise tailored to financial services and the legal industry. The products are the first in an industry-specific solution series built on the Gemini Enterprise platform and will be offered in preview to Google Cloud customers worldwide. The company said the solutions can be used immediately and include custom agents, specialist skills, data connectors and industry-optimised AI models, backed by enterprise-grade security, governance, compliance and cost controls.

AI & Enterprise

AI app companies build in-house models as push grows; what next for Dokpamo overhaul?

More AI service companies are building in-house models to cope with the cost of using advanced AI models and to compete with large model developers. Legal AI startup Harvey has developed its Tenet model based on Moonshot\'s low-cost open-source Kimi K3. Coding AI Cursor is also accelerating its own model work and has launched its Origin code hosting platform. South Korea plans to revamp support for firms in the Dokpamo project from the third evaluation round.