Nvidia plans new AI chips every year after logging over $14 bn in profits

American chip maker Nvidia would likely make new artificial intelligence chips every year instead of once every two years. According to a report by The Verge, during the company’s Q1 earnings call, Nvidia CEO Jensen Huang said that there is another chip which is currently under the works and the company is on a “one-year rhythm”.

Nvidia logged profits worth over $14 billion in a single quarter, thanks to AI chips. The net income of Nvidia surged to $14.88 billion in the first quarter, which ended April 28.