NVIDIA Newsroom

Now That Everyone’s a Gamer, New Gaming Technologies Matter More Than Ever

Tony Tamasi — Thu, 05 Mar 2020 13:59:03 GMT

How NVIDIA’s leading the way with ray tracing, deep learning, cloud gaming and a host of other innovations spilling out to more gamers, on more platforms, than ever.

The post Now That Everyone’s a Gamer, New Gaming Technologies Matter More Than Ever appeared first on The Official NVIDIA Blog.

Aiforia Paves Path for AI-Assisted Pathology

Emily Bryce — Thu, 05 Mar 2020 09:00:31 GMT

Pathology, the study and diagnosis of disease, is a growth industry. As the global population ages and diseases such as cancer become more prevalent, demand for keen-eyed pathologists who can analyze medical images is on the rise. In the U.K. alone, about 300,000 tests are carried out daily by pathologists. But there’s an acute personnel Read article >

The post Aiforia Paves Path for AI-Assisted Pathology appeared first on The Official NVIDIA Blog.

NVIDIA Shifts GTC San Jose to Online Event Due to Coronavirus

Bob Sherbin — Mon, 02 Mar 2020 17:59:22 GMT

NVIDIA has decided to shift GTC 2020 on March 22-26 to an online event due to growing concern over the coronavirus. This decision to move the event online instead of at the San Jose Convention Center reflects our top priority: the health and safety of our employees, our partners and our customers. NVIDIA founder and Read article >

The post NVIDIA Shifts GTC San Jose to Online Event Due to Coronavirus appeared first on The Official NVIDIA Blog.

From ER Visit to AI Startup, CloudMedx Pursues Predictive Healthcare Models

Isha Salian — Wed, 26 Feb 2020 16:00:24 GMT

Twice Sahar Arshad’s father-in-law went to an emergency room in Pakistan complaining of frequent headaches. Twice doctors sent him home with a diagnosis of allergies. Turns out he was suffering from a subdural hematoma — bleeding inside the head. Following the second misdiagnosis, he went into a coma and required emergency brain surgery (and made Read article >

The post From ER Visit to AI Startup, CloudMedx Pursues Predictive Healthcare Models appeared first on The Official NVIDIA Blog.

A New Frontier for PC Gaming: How GeForce NOW’s Game Library Continues to Evolve

Phil Eisler — Fri, 21 Feb 2020 00:00:05 GMT

Giving what we love about PC gaming to more people. That’s the vision that inspired our journey to develop GeForce NOW into an open platform that welcomed gamers, developers and publishers. For gamers, we provide the power of a GeForce GPU to play the games you love from the cloud. For developers, we used our Read article >

The post A New Frontier for PC Gaming: How GeForce NOW’s Game Library Continues to Evolve appeared first on The Official NVIDIA Blog.

Putting AI on Trials: Deep 6 Speeds Search for Clinical-Study Recruits

Isha Salian — Thu, 20 Feb 2020 16:00:32 GMT

Bringing a new medical treatment to market is a slow, laborious process — and for a good reason: patient safety is the top priority. But when recruiting patients to test promising treatments in clinical trials, the faster the better. “Many people in medicine have ideas of how to improve healthcare,” said Wout Brusselaers, CEO of Read article >

The post Putting AI on Trials: Deep 6 Speeds Search for Clinical-Study Recruits appeared first on The Official NVIDIA Blog.

Hail Yeah! How Robotaxis Will Change the Way We Move

Katie Burke — Thu, 20 Feb 2020 00:12:57 GMT

From pedicabs to yellow cabs, hailing rides has been a decades-long convenience. App-based services like Uber and Lyft have made on-demand travel even faster and easier. With the advent of autonomous vehicles, ride-hailing promises to raise the bar on safety and efficiency. Known as robotaxis, these shared vehicles are purpose-built for transporting groups of people Read article >

The post Hail Yeah! How Robotaxis Will Change the Way We Move appeared first on The Official NVIDIA Blog.

An AI for Detail: Nanotronics Brings Deep Learning to Precision Manufacturing

Lauren Finkle — Wed, 19 Feb 2020 14:00:31 GMT

Matthew Putman, this week’s guest on the AI Podcast, knows that the devil is in the details. That’s why he’s the co-founder and CEO of Nanotronics, a Brooklyn-based company providing precision manufacturing enhanced by AI, automation and 3D imaging. He sat down with AI Podcast host Noah Kravitz to discuss how running deep learning networks Read article >

The post An AI for Detail: Nanotronics Brings Deep Learning to Precision Manufacturing appeared first on The Official NVIDIA Blog.

NVIDIA Announces Upcoming Event for Financial Community

Tue, 18 Feb 2020 21:30:00 GMT

NVIDIA will present at the following event for the financial community:

Morgan Stanley Technology, Media and Telecommunications Conference
Monday, March 2, at 11:45 a.m. Pacific time

Interested parties can listen to the live audio webcast of NVIDIA’s presentation at this event, available at investor.nvidia.com. Replay of the webcast will be available for 90 days afterward.

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100 Best Companies to Work For [NVIDIA #27]

Tue, 18 Feb 2020 17:41:00 GMT

Fortune

Meet Six Smart Robots at GTC 2020

Rick Merritt — Tue, 18 Feb 2020 16:00:07 GMT

The GPU Technology Conference is like a new Star Wars movie. There are always cool new robots scurrying about. This year’s event in San Jose, March 22-26, is no exception, with at least six autonomous machines expected on the show floor. Like C3PO and BB8, each one is different. Among what you’ll see at GTC Read article >

The post Meet Six Smart Robots at GTC 2020 appeared first on The Official NVIDIA Blog.

NVIDIA Awards $50,000 Fellowships to Ph.D. Students for GPU Computing Research

Sylvia Chanak — Mon, 17 Feb 2020 18:00:23 GMT

Our NVIDIA Graduate Fellowship Program recently awarded up to $50,000 each to five Ph.D. students involved in GPU computing research. Now in its 19th year, the fellowship program supports graduate students doing GPU-based work. We selected this year’s fellows from more than 300 applicants from a host of countries. The fellows’ work puts them at Read article >

The post NVIDIA Awards $50,000 Fellowships to Ph.D. Students for GPU Computing Research appeared first on The Official NVIDIA Blog.

How Evo’s AI Keeps Fashion Forward

Efrat Swissa — Mon, 17 Feb 2020 17:00:28 GMT

Imagine if fashion houses knew that teal blue was going to replace orange as the new black. Or if retailers knew that tie dye was going to be the wave to ride when swimsuit season rolls in this summer. So far, there hasn’t been an efficient way of getting ahead of consumer and market trends Read article >

The post How Evo’s AI Keeps Fashion Forward appeared first on The Official NVIDIA Blog.

Washington Goes West: GTC 2020 Explores AI in Federal Government

Anthony Robbins — Mon, 17 Feb 2020 17:00:02 GMT

The future of government will come into focus in Silicon Valley next month when experts from industries and government converge to discuss AI and high performance computing at the NVIDIA GPU Technology Conference. Following on the success of GTC DC 2019, GTC 2020, taking place March 22-26 in San Jose, Calif., will bring together hundreds Read article >

The post Washington Goes West: GTC 2020 Explores AI in Federal Government appeared first on The Official NVIDIA Blog.

Virtual Peril: Booz Allen Hamilton Builds Immersive VR for Hazardous Job Training

Tony Kontzer — Fri, 14 Feb 2020 18:00:00 GMT

How do you train someone to deactivate a landmine, work with pathogens in a lab or triage disaster victims with head injuries? Very, very carefully. Typically, training for hazardous, high-risk jobs is an expensive production involving dozens of individuals playing roles, supervisors taking notes and an environment that doesn’t account for unexpected issues that can Read article >

The post Virtual Peril: Booz Allen Hamilton Builds Immersive VR for Hazardous Job Training appeared first on The Official NVIDIA Blog.

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2020

Thu, 13 Feb 2020 21:20:00 GMT

NVIDIA today reported revenue for the fourth quarter ended Jan. 26, 2020, of $3.11 billion, up 41 percent from $2.21 billion a year earlier, and up 3 percent from $3.01 billion in the previous quarter.

GAAP earnings per diluted share for the quarter were $1.53, up 66 percent from $0.92 a year ago, and up 6 percent from $1.45 in the previous quarter. Non-GAAP earnings per diluted share were $1.89, up 136 percent from $0.80 a year earlier, and up 6 percent from $1.78 in the previous quarter.

For fiscal 2020, revenue was $10.92 billion, down 7 percent from $11.72 billion a year earlier. GAAP earnings per diluted share were $4.52, down 32 percent from $6.63 a year earlier. Non-GAAP earnings per diluted share were $5.79, down 13 percent from $6.64 a year earlier.

“Adoption of NVIDIA accelerated computing drove excellent results, with record data center revenue,” said Jensen Huang, founder and CEO of NVIDIA. “Our initiatives are achieving great success.

“NVIDIA RTX ray tracing is reinventing computer graphics, driving powerful adoption across gaming, VR and design markets, while opening new opportunities in rendering and cloud gaming. NVIDIA AI is enabling breakthroughs in language understanding, conversational AI and recommendation engines ― the core algorithms that power the internet today. And new NVIDIA computing applications in 5G, genomics, robotics and autonomous vehicles enable us to continue important work that has great impact.

“We are well positioned for the greatest technology trends of our time,” he said.

NVIDIA will pay its next quarterly cash dividend of $0.16 per share on March 20, 2020, to all shareholders of record on Feb. 28, 2020.

Q4 Fiscal 2020 Summary

GAAP
*($ in millions, except earnings per share)*	Q4 FY20	Q3 FY20	Q4 FY19	Q/Q	Y/Y
Revenue	$3,105	$3,014	$2,205	Up 3%	Up 41%
Gross margin	64.9%	63.6%	54.7%	Up 130 bps	Up 1,020 bps
Operating expenses	$1,025	$989	$913	Up 4%	Up 12%
Operating income	$990	$927	$294	Up 7%	Up 237%
Net income	$950	$899	$567	Up 6%	Up 68%
Diluted earnings per share	$1.53	$1.45	$0.92	Up 6%	Up 66%

Non-GAAP
*($ in millions, except earnings per share)*	Q4 FY20	Q3 FY20	Q4 FY19	Q/Q	Y/Y
Revenue	$3,105	$3,014	$2,205	Up 3%	Up 41%
Gross margin	65.4%	64.1%	56.0%	Up 130 bps	Up 940 bps
Operating expenses	$810	$774	$755	Up 5%	Up 7%
Operating income	$1,220	$1,156	$479	Up 6%	Up 155%
Net income	$1,172	$1,103	$496	Up 6%	Up 136%
Diluted earnings per share	$1.89	$1.78	$0.80	Up 6%	Up 136%

Fiscal 2020 Summary

GAAP
*($ in millions except earnings per share)*	FY20	FY19	Y/Y
Revenue	$10,918	$11,716	Down 7%
Gross margin	62.0%	61.2%	Up 80 bps
Operating expenses	$3,922	$3,367	Up 16%
Operating income	$2,846	$3,804	Down 25%
Net income	$2,796	$4,141	Down 32%
Diluted earnings per share	$4.52	$6.63	Down 32%

Non-GAAP
*($ in millions except earnings per share)*	FY20	FY19	Y/Y
Revenue	$10,918	$11,716	Down 7%
Gross margin	62.5%	61.7%	Up 80 bps
Operating expenses	$3,086	$2,826	Up 9%
Operating income	$3,735	$4,407	Down 15%
Net income	$3,580	$4,143	Down 14%
Diluted earnings per share	$5.79	$6.64	Down 13%

NVIDIA’s outlook for the first quarter of fiscal 2021 does not include any contribution from the pending acquisition of Mellanox Technologies, Ltd. Discussions with China’s regulatory agency, the State Administration for Market Regulation, are progressing, and NVIDIA believes the acquisition will likely close in the early part of calendar 2020.

While the ultimate effect of the coronavirus is difficult to estimate, the company has reduced its revenue outlook for the first quarter of fiscal 2021 by $100 million to account for its potential impact.

Revenue is expected to be $3.00 billion, plus or minus 2 percent.
GAAP and non-GAAP gross margins are expected to be 65.0 percent and 65.4 percent, respectively, plus or minus 50 basis points.
GAAP and non-GAAP operating expenses are expected to be approximately $1.05 billion and $835 million, respectively.
GAAP and non-GAAP other income and expense are both expected to be income of approximately $25 million.
GAAP and non-GAAP tax rates are both expected to be 9 percent, plus or minus 1 percent, excluding any discrete items. GAAP discrete items include excess tax benefits or deficiencies related to stock-based compensation, which are expected to generate variability on a quarter by quarter basis.

Highlights

Since the end of the third quarter of fiscal 2020, NVIDIA has achieved progress in these areas:

Gaming

Grew momentum for ray tracing with the launch of such RTX-enabled games as Deliver Us The Moon, Wolfenstein: Youngblood and Bright Memory.
Brought its GeForce NOW™ cloud gaming service out of beta, opening up PC gaming to hundreds of millions of consumers who can now add a virtual GeForce® graphics card to their device and play games they own, as well as free-to-play games.
Brought its number of gaming laptops to a record 125 models, including the world’s first 14-inch GeForce RTX™ laptop, the ASUS ROG Zephyrus G14.
Continued to build G-SYNC® momentum at CES, with the launch of the ASUS ROG Swift 360, the world’s fastest monitor, with a 360Hz refresh rate; and with LG adopting G-SYNC in its new lineup of OLED TVs.

Data Center and Edge Computing

Unveiled the first scalable GPU-accelerated supercomputer in the cloud with Microsoft Azure, with access to up to 800 NVIDIA® V100 Tensor Core GPUs.
Announced that it is powering the world’s most powerful industrial supercomputer, HPC5, which has 7,280 NVIDIA V100 GPUs and is operated by Italian energy company Eni.
Announced that Alibaba’s and Baidu’s recommendation engines run on NVIDIA AI, boosting inference by orders of magnitude beyond CPUs.
Joined forces with AWS, using NVIDIA T4 Tensor Core GPUs to power AWS Outposts, bringing Amazon EC2 G4 instances to customers’ data centers.
Collaborated with Arm, Ampere Computing, Fujitsu and Marvell on a new reference design platform for GPU-accelerated Arm-based servers, and with Red Hat to bring GPU acceleration to Arm for HPC applications.
Introduced NVIDIA TensorRT™ 7, an inference software development kit, paving the way to smarter and faster conversational AI.
Unveiled NVIDIA Clara™ Federated Learning, a reference application that preserves patient privacy while improving global model accuracy, already in use by the American College of Radiology and UCLA Health.
Introduced Magnum IO, a software suite for data scientists and high performance computing researchers that is optimized to eliminate storage and input/output bottlenecks.
Released a new version of the NVIDIA Isaac™ software development kit, a unified robotic development platform to accelerate the development and testing of robots.

Professional Visualization

Brought RTX technology to new desktops and laptops from Acer and joined forces with Adobe to provide a complimentary three-month Adobe Creative Cloud membership with new RTX Studio purchases.
Introduced RTX capabilities to Autodesk’s Maya 2020, Dassault’s Catia 2020 and Siemens Ray-Trace Studio with the release of a new NVIDIA Quadro® Driver and NVIDIA Studio Driver.
Expanded the reach of RTX technology into Chaos Group’s V-Ray, Autodesk’s Arnold and Blender’s Cycles, enabling designers to create complex 3D visuals, accurate reflections and more.

Automotive

Announced DRIVE AGX Orin™, an advanced software-defined platform for autonomous vehicles capable of achieving 200 TOPS, nearly 7x that of the previous generation SoC.

CFO Commentary

Commentary on the quarter by Colette Kress, NVIDIA’s executive vice president and chief financial officer, is available at https://investor.nvidia.com/home/default.aspx.

Conference Call and Webcast Information

NVIDIA will conduct a conference call with analysts and investors to discuss its fourth quarter and fiscal 2020 financial results and current financial prospects today at 2:30 p.m. Pacific time (5:30 p.m. Eastern time). A live webcast (listen-only mode) of the conference call will be accessible at NVIDIA’s investor relations website, https://investor.nvidia.com/home/default.aspx. The webcast will be recorded and available for replay until NVIDIA’s conference call to discuss its financial results for its first quarter of fiscal 2021.

Non-GAAP Measures

To supplement NVIDIA’s condensed consolidated financial statements presented in accordance with GAAP, the company uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP other income, non-GAAP income tax expense, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, non-GAAP diluted shares, and free cash flow. In order for NVIDIA’s investors to be better able to compare its current results with those of previous periods, the company has shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation expense, legal settlement costs, acquisition-related and other costs, gains and losses from non-affiliated investments, interest expense related to amortization of debt discount, and the associated tax impact of these items, where applicable. Free cash flow is calculated as GAAP net cash provided by operating activities less purchase of property and equipment and intangible assets. NVIDIA believes the presentation of its non-GAAP financial measures enhances the user’s overall understanding of the company’s historical financial performance. The presentation of the company’s non-GAAP financial measures is not meant to be considered in isolation or as a substitute for the company’s financial results prepared in accordance with GAAP, and the company’s non-GAAP measures may be different from non-GAAP measures used by other companies.

NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)


	Three Months Ended						Twelve Months Ended
	January 26,			January 27,			January 26,			January 27,
		2020			2019			2020			2019

Revenue	$	3,105		$	2,205		$	10,918		$	11,716
Cost of revenue		1,090			998			4,150			4,545
Gross profit		2,015			1,207			6,768			7,171
Operating expenses
Research and development		738			647			2,829			2,376
Sales, general and administrative		287			266			1,093			991
Total operating expenses		1,025			913			3,922			3,367
Income from operations		990			294			2,846			3,804
Interest income		41			42			178			136
Interest expense		(12	)		(14	)		(52	)		(58	)
Other, net		(3	)		2			(2	)		14
Total other income		26			30			124			92
Income before income tax		1,016			324			2,970			3,896
Income tax expense (benefit)		66			(243	)		174			(245	)
Net income	$	950		$	567		$	2,796		$	4,141

Net income per share:
Basic	$	1.55		$	0.93		$	4.59		$	6.81
Diluted	$	1.53		$	0.92		$	4.52		$	6.63

Weighted average shares used in per share computation:
Basic		612			609			609			608
Diluted		621			619			618			625

NVIDIA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)


	January 26,		January 27,
	2020		2019
ASSETS

Current assets:
Cash, cash equivalents and marketable securities	$	10,897	$	7,422
Accounts receivable, net		1,657		1,424
Inventories		979		1,575
Prepaid expenses and other current assets		157		136
Total current assets		13,690		10,557

Property and equipment, net		1,674		1,404
Operating lease assets		618		-
Goodwill		618		618
Intangible assets, net		49		45
Deferred income tax assets		548		560
Other assets		118		108
Total assets	$	17,315	$	13,292

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable	$	687	$	511
Accrued and other current liabilities		1,097		818
Total current liabilities		1,784		1,329

Long-term debt		1,991		1,988
Long-term operating lease liabilities		561		-
Other long-term liabilities		775		633
Total liabilities		5,111		3,950

Shareholders' equity		12,204		9,342
Total liabilities and shareholders' equity	$	17,315	$	13,292

NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)


	Three Months Ended						Twelve Months Ended
	January 26,			January 27,			January 26,			January 27,
	2020			2019			2020			2019

Cash flows from operating activities:
Net income	$	950		$	567		$	2,796		$	4,141
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense		220			156			844			557
Depreciation and amortization		106			78			381			262
Deferred income taxes		23			(345	)		18			(315	)
Other		-			(10	)		5			(45	)
Changes in operating assets and liabilities:
Accounts receivable		(202	)		794			(233	)		(149	)
Inventories		66			(156	)		597			(776	)
Prepaid expenses and other assets		22			13			77			(55	)
Accounts payable		104			(359	)		194			(135	)
Accrued and other current liabilities		157			109			54			256
Other long-term liabilities		19			51			28			2
Net cash provided by operating activities		1,465			898			4,761			3,743
Cash flows from investing activities:
Proceeds from maturities of marketable securities		-			964			4,744			7,232
Proceeds from sales of marketable securities		2			314			3,365			428
Purchases of marketable securities		-			(1,036	)		(1,461	)		(11,148	)
Purchases of property and equipment and intangible assets		(144	)		(203	)		(489	)		(600	)
Investments and other, net		(9	)		-			(14	)		(9	)
Net cash provided by (used in) investing activities		(151	)		39			6,145			(4,097	)
Cash flows from financing activities:
Payments related to repurchases of common stock		-			(724	)		-			(1,579	)
Repayment of Convertible Notes		-			(3	)		-			(16	)
Dividends paid		(98	)		(98	)		(390	)		(371	)
Proceeds related to employee stock plans		2			3			149			137
Payments related to tax on restricted stock units		(87	)		(50	)		(551	)		(1,032	)
Other		-			(4	)		-			(5	)
Net cash used in financing activities		(183	)		(876	)		(792	)		(2,866	)
Change in cash and cash equivalents		1,131			61			10,114			(3,220	)
Cash and cash equivalents at beginning of period		9,765			721			782			4,002
Cash and cash equivalents at end of period	$	10,896		$	782		$	10,896		$	782

NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, except per share data)
(Unaudited)

	Three Months Ended									Twelve Months Ended
	January 26,			October 27,			January 27,			January 26,			January 27,
	2020			2019			2019			2020				2019

GAAP gross profit	$	2,015		$	1,916		$	1,207		$	6,768		$	7,171
GAAP gross margin		64.9	%		63.6	%		54.7	%		62.0	%		61.2	%
Stock-based compensation expense (A)		12			15			6			39			27
Legal settlement costs		3			-			21			14			35
Non-GAAP gross profit	$	2,030		$	1,931		$	1,234		$	6,821		$	7,233
Non-GAAP gross margin		65.4	%		64.1	%		56.0	%		62.5	%		61.7	%

GAAP operating expenses	$	1,025		$	989		$	913		$	3,922		$	3,367
Stock-based compensation expense (A)		(208	)		(208	)		(150	)		(805	)		(530	)
Acquisition-related and other costs		(7	)		(7	)		(1	)		(30	)		(2	)
Legal settlement costs		-			-			(7	)		(1	)		(9	)
Non-GAAP operating expenses	$	810		$	774		$	755		$	3,086		$	2,826

GAAP income from operations	$	990		$	927		$	294		$	2,846		$	3,804
Total impact of non-GAAP adjustments to income from operations		230			229			185			889			603
Non-GAAP income from operations	$	1,220		$	1,156		$	479		$	3,735		$	4,407

GAAP other income	$	26		$	32		$	30		$	124		$	92
Losses (Gains) from non-affiliated investments		-			-			(1	)		1			(12	)
Interest expense related to amortization of debt discount		-			1			-			2			2
Non-GAAP other income	$	26		$	33		$	29		$	127		$	82

GAAP net income	$	950		$	899		$	567		$	2,796		$	4,141
Total pre-tax impact of non-GAAP adjustments		230			230			184			890			593
Income tax impact of non-GAAP adjustments (B)		(8	)		(26	)		(25	)		(106	)		(223	)
Tax benefit from income tax reform		-			-			(230	)		-			(368	)
Non-GAAP net income	$	1,172		$	1,103		$	496		$	3,580		$	4,143

Diluted net income per share
GAAP	$	1.53		$	1.45		$	0.92		$	4.52		$	6.63
Non-GAAP	$	1.89		$	1.78		$	0.80		$	5.79		$	6.64

Weighted average shares used in diluted net income per share computation
GAAP		621			618			619			618			625
Anti-dilution impact from note hedge		-			-			-			-			(1	)
Non-GAAP		621			618			619			618			624

GAAP net cash provided by operating activities	$	1,465		$	1,640		$	898		$	4,761		$	3,743
Purchase of property and equipment and intangible assets		(144	)		(104	)		(203	)		(489	)		(600	)
Free cash flow	$	1,321		$	1,536		$	695		$	4,272		$	3,143



(A) Stock-based compensation consists of the following:	Three Months Ended									Twelve Months Ended
	January 26,			October 27,			January 27,			January 26,			January 27,
	2020			2019			2019			2020			2019
Cost of revenue	$	12		$	15		$	6		$	39		$	27
Research and development	$	140		$	141		$	99		$	540		$	336
Sales, general and administrative	$	68		$	67		$	51		$	265		$	194
(B) Income tax impact of non-GAAP adjustments, including the recognition of excess tax benefits or deficiencies related to stock-based compensation under GAAP accounting standard (ASU 2016-09).

NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK


	Q1 FY2021 Outlook

GAAP gross margin		65.0	%
Impact of stock-based compensation expense		0.4	%
Non-GAAP gross margin		65.4	%

	Q1 FY2021 Outlook
	(In millions)

GAAP operating expenses	$	1,045
Stock-based compensation expense, acquisition-related costs, and other costs		(210	)
Non-GAAP operating expenses	$	835

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Look Under the Hood of Self-Driving Development at GTC 2020

Danny Shapiro — Tue, 11 Feb 2020 22:39:47 GMT

The progress of self-driving cars can be seen in test vehicles on the road. But the major mechanics for autonomous driving development are making tracks in the data center. Training, testing and validating self-driving technology requires enormous amounts of data, which must be managed by a robust hardware and software infrastructure. Companies around the world Read article >

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From Point AI to Point TB: DeepTek Detects Tuberculosis from X-Rays

Isha Salian — Tue, 11 Feb 2020 17:38:51 GMT

Tuberculosis is an issue close to home for Pune, India-based healthcare startup DeepTek. India has the world’s highest prevalence of the disease — accounting for over one-quarter of the 10 million new cases each year. It’s a fitting first project for the company, whose founders hope to greatly improve global access to medical imaging diagnostics Read article >

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This Building Is in Beta: Startup’s AI Can Design and Control Buildings

Scott Martin — Mon, 10 Feb 2020 19:43:46 GMT

Beta testing is a common practice for intangible products like software. Release an application, let customers bang on it, put bug fixes into the next version for download onto devices. Repeat. For brick-and-mortar products like buildings, beta testing is unusual if not unheard of. But two Salt Lake City entrepreneurs now offer a system that Read article >

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Update on MWC Barcelona

Soma Velayutham — Sat, 08 Feb 2020 00:45:58 GMT

We’ve informed GSMA, the organizers of MWC Barcelona, that we won’t be sending our employees to this year’s event. Given public health risks around the coronavirus, ensuring the safety of our colleagues, partners and customers is our highest concern. MWC Barcelona is one of the world’s most important technology conferences. We’ve been looking forward to Read article >

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