Artificial Intelligence

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2022

Published

3 years ago

February 16, 2022

Record quarterly revenue of $7.64 billion, up 53 percent from a year earlier
Record fiscal-year revenue of $26.91 billion, up 61 percent
Record quarterly and fiscal-year revenue for Gaming, Data Center and Professional Visualization

SANTA CLARA, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported record revenue for the fourth quarter ended January 30, 2022, of $7.64 billion, up 53 percent from a year ago and up 8 percent from the previous quarter. Gaming, Data Center and Professional Visualization market platforms each achieved record revenue for the quarter and year.

GAAP earnings per diluted share for the quarter were a record $1.18, up 103 percent from a year ago and up 22 percent from the previous quarter. Non-GAAP earnings per diluted share were $1.32, up 69 percent from a year ago and up 13 percent from the previous quarter.

For fiscal 2022, revenue was a record $26.91 billion, up 61 percent from $16.68 billion a year ago. GAAP earnings per diluted share were a record $3.85, up 123 percent from $1.73 a year ago. Non-GAAP earnings per diluted share were $4.44, up 78 percent from $2.50 a year ago.

“We are seeing exceptional demand for NVIDIA computing platforms,” said Jensen Huang, founder and CEO of NVIDIA. “NVIDIA is propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics – some of today’s most impactful fields.

“We are entering the new year with strong momentum across our businesses and excellent traction with our new software business models with NVIDIA AI, NVIDIA Omniverse and NVIDIA DRIVE. GTC is coming. We will announce many new products, applications and partners for NVIDIA computing,” he said.

NVIDIA paid quarterly cash dividends of $100 million in the fourth quarter and $399 million in fiscal 2022. It will pay its next quarterly cash dividend of $0.04 per share on March 24, 2022, to all shareholders of record on March 3, 2022.

Q4 Fiscal 2022 Summary

GAAP
*($ in millions, except earnings per share)*	Q4 FY22			Q3 FY22			Q4 FY21			Q/Q	Y/Y
Revenue	$7,643			$7,103			$5,003			Up 8%	Up 53%
Gross margin		65.4	%		65.2	%		63.1	%	Up 20 bps	Up 230 bps
Operating expenses	$2,029			$1,960			$1,650			Up 4%	Up 23%
Operating income	$2,970			$2,671			$1,507			Up 11%	Up 97%
Net income	$3,003			$2,464			$1,457			Up 22%	Up 106%
Diluted earnings per share*	$1.18			$0.97			$0.58			Up 22%	Up 103%

Non-GAAP
*($ in millions, except earnings per share)*	Q4 FY22			Q3 FY22			Q4 FY21			Q/Q	Y/Y
Revenue	$7,643			$7,103			$5,003			Up 8%	Up 53%
Gross margin		67.0	%		67.0	%		65.5	%	—	Up 150 bps
Operating expenses	$1,447			$1,375			$1,187			Up 5%	Up 22%
Operating income	$3,677			$3,386			$2,089			Up 9%	Up 76%
Net income	$3,350			$2,973			$1,957			Up 13%	Up 71%
Diluted earnings per share*	$1.32			$1.17			$0.78			Up 13%	Up 69%

*All per share amounts presented herein have been adjusted to reflect the four-for-one stock split, which was effective July 2021.

Fiscal 2022 Summary

GAAP
*($ in millions, except earnings per share)*	FY22			FY21			Y/Y
Revenue	$26,914			$16,675			Up 61%
Gross margin		64.9	%		62.3	%	Up 260 bps
Operating expenses	$7,434			$5,864			Up 27%
Operating income	$10,041			$4,532			Up 122%
Net income	$9,752			$4,332			Up 125%
Diluted earnings per share*	$3.85			$1.73			Up 123%

Non-GAAP
*($ in millions, except earnings per share)*	FY22			FY21			Y/Y
Revenue	$26,914			$16,675			Up 61%
Gross margin		66.8	%		65.6	%	Up 120 bps
Operating expenses	$5,279			$4,144			Up 27%
Operating income	$12,690			$6,803			Up 87%
Net income	$11,259			$6,277			Up 79%
Diluted earnings per share*	$4.44			$2.50			Up 78%

*All per share amounts presented herein have been adjusted to reflect the four-for-one stock split, which was effective July 2021.

Termination of the Arm Share Purchase Agreement

On February 8, 2022, NVIDIA and SoftBank Group Corp. (SoftBank) announced the termination of the Share Purchase Agreement whereby NVIDIA would have acquired Arm Limited from SoftBank. The parties agreed to terminate because of significant regulatory challenges preventing the consummation of the transaction. NVIDIA intends to record in operating expenses a $1.36 billion charge (the Arm Write-off) in the first quarter of fiscal 2023 reflecting the write-off of the prepayment provided at signing in September 2020.

Outlook

NVIDIA’s outlook for the first quarter of fiscal 2023 is as follows:

Revenue is expected to be $8.10 billion, plus or minus 2 percent.
GAAP and non-GAAP gross margins are expected to be 65.2 percent and 67.0 percent, respectively, plus or minus 50 basis points.
GAAP operating expenses are expected to be $3.55 billion, including the Arm Write-off of $1.36 billion. Non-GAAP operating expenses are expected to be $1.60 billion.
GAAP and non-GAAP other income and expense are both expected to be an expense of approximately $55 million, excluding gains and losses from non-affiliated investments.
GAAP and non-GAAP tax rates are expected to be 11 percent and 13 percent, respectively, plus or minus 1 percent, excluding any discrete items.

Highlights

NVIDIA achieved progress since its previous earnings announcement in these areas:

Gaming

Fourth-quarter revenue was a record $3.42 billion, up 37 percent from a year ago and up 6 percent from the previous quarter. Fiscal-year revenue rose 61 percent to a record $12.46 billion.
Launched the GeForce RTX^® 3050 desktop GPU, bringing RTX and the performance and efficiency of NVIDIA Ampere architecture to more gamers, starting at $249 MSRP.
Launched GeForce RTX 3080 Ti and RTX 3070 Ti laptop GPUs, delivering new levels of performance to laptops for gamers and creators.
Announced over 160 gaming and Studio GeForce^®-based laptop designs by leading manufacturers.
Announced over 30 new RTX games and titles shipped in the quarter – including COD: Vanguard, Horizon Zero Dawn, God of War, Icarus and Rainbow Six Extraction.
Integrated NVIDIA Reflex technology for low-latency gaming in more AAA games – including Call of Duty: Vanguard, God of War and Rainbow Six Extraction.
Added over 65 games to the GeForce NOW library, bringing the total to over 1,200, and announced collaborations with AT&T and Samsung to offer GeForce Now to their customers.

Data Center

Fourth-quarter revenue was a record $3.26 billion, up 71 percent from a year ago and up 11 percent from the previous quarter. Fiscal-year revenue rose 58 percent to a record $10.61 billion.
Announced that Meta is building its AI Research SuperCluster with NVIDIA^® DGX™ A100 systems.
Extended its AI leadership, as NVIDIA and partners, including Microsoft Azure, set records across eight popular workloads in the latest MLPerf training results.
Announced the general release of NVIDIA AI Enterprise 1.1, with updates including production support for containerized AI with NVIDIA software on VMware vSphere with Tanzu.
Open-sourced NVIDIA FLARE, an SDK enabling healthcare, manufacturing and financial services groups to collaborate on generalizable AI models that harness federated learning where data is sparse, confidential or lacks diversity.
A team of Stanford researchers set a world record for fastest DNA sequencing of a human genome, using NVIDIA Clara™, Google DeepVariant and Oxford Nanopore Technologies sequencing.

Professional Visualization

Automotive and Robotics

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/.

Conference Call and Webcast Information
NVIDIA will conduct a conference call with analysts and investors to discuss its fourth quarter and fiscal 2022 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. 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 2023.

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 (expense), net, non-GAAP net income, non-GAAP net income, or earnings, per diluted share, and free cash flow. 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, acquisition-related and other costs, IP-related costs, gains and losses from non-affiliated investments, interest expense related to amortization of debt discount, the associated tax impact of these items where applicable, domestication tax benefit, and foreign tax benefit. Free cash flow is calculated as GAAP net cash provided by operating activities less both purchases of property and equipment and intangible assets and principal payments on 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.

About NVIDIA
NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others. More information at https://nvidianews.nvidia.com/.

For further information, contact:

Certain statements in this press release including, but not limited to, statements as to: the benefits, performance, impact, and abilities of our products and technologies, including NVIDIA AI, NVIDIA Omniverse, NVIDIA DRIVE, the GeForce RTX 3050 desktop GPU, GeForce RTX 3080 Ti and RTX 3070 Ti laptop GPUs, Studio GeForce, NVIDIA Reflex, GeForce NOW, NVIDIA DGX A100 systems, NVIDIA AI Enterprise 1.1, NVIDIA FLARE, NVIDIA Clara, NVIDIA Omniverse for Creators, Omniverse Universal Scene Description, NVIDIA GPU-accelerated software, NVIDIA DRIVE Orin, NVIDIA DRIVE Hyperion, and the Isaac Autonomous Mobile Robot platform; the momentum across our businesses; NVIDIA propelling advances in AI, digital biology, climate sciences, gaming, creative design, autonomous vehicles and robotics; our upcoming developer conference at GTC; our plans to announce many new products, applications, and partners for NVIDIA computing at GTC; our collaborations with AT&T and Samsung and our partnership with Jaguar Land Rover; NVIDIA’s next quarterly cash dividend; our intention to record a charge in connection with the termination of the Share Purchase Agreement related to Arm Limited; NVIDIA’s financial outlook for the first quarter of fiscal 2023; and NVIDIA’s expected tax rates for the first quarter of fiscal 2023 are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2022 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, GeForce, GeForce NOW, GeForce RTX, NVIDIA Clara, NVIDIA DGX, NVIDIA DRIVE, NVIDIA DRIVE Hyperion, NVIDIA DRIVE Orin, NVIDIA Isaac and NVIDIA Omniverse trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

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


			Three Months Ended						Twelve Months Ended
			January 30,			January 31,			January 30,			January 31,
				2022			2021			2022			2021

Revenue			$	7,643		$	5,003		$	26,914		$	16,675
Cost of revenue				2,644			1,846			9,439			6,279
Gross profit				4,999			3,157			17,475			10,396
Operating expenses
	Research and development			1,466			1,147			5,268			3,924
	Sales, general and administrative			563			503			2,166			1,940
		Total operating expenses		2,029			1,650			7,434			5,864
Income from operations				2,970			1,507			10,041			4,532
	Interest income			9			6			29			57
	Interest expense			(61	)		(53	)		(236	)		(184	)
	Other, net			(53	)		10			107			4
		Other income (expense), net		(105	)		(37	)		(100	)		(123	)
Income before income tax				2,865			1,470			9,941			4,409
Income tax expense (benefit)				(138	)		13			189			77
Net income			$	3,003		$	1,457		$	9,752		$	4,332

Net income per share (A):
	Basic		$	1.20		$	0.59		$	3.91		$	1.76
	Diluted		$	1.18		$	0.58		$	3.85		$	1.73

Weighted average shares used in per share computation (A):
	Basic			2,504			2,478			2,496			2,467
	Diluted			2,545			2,524			2,535			2,510

(A) Reflects a four-for-one stock split on July 19, 2021.

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


			January 30,		January 31,
				2022		2021
ASSETS

Current assets:
	Cash, cash equivalents and marketable securities		$	21,208	$	11,561
	Accounts receivable, net			4,650		2,429
	Inventories			2,605		1,826
	Prepaid expenses and other current assets			366		239
		Total current assets		28,829		16,055

Property and equipment, net				2,778		2,149
Operating lease assets				829		707
Goodwill				4,349		4,193
Intangible assets, net				2,339		2,737
Deferred income tax assets				1,222		806
Other assets				3,841		2,144
		Total assets	$	44,187	$	28,791

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:
	Accounts payable		$	1,783	$	1,149
	Accrued and other current liabilities			2,552		1,777
	Short-term debt			–		999
		Total current liabilities		4,335		3,925

Long-term debt				10,946		5,964
Long-term operating lease liabilities				741		634
Other long-term liabilities				1,553		1,375
		Total liabilities		17,575		11,898

Shareholders’ equity				26,612		16,893
		Total liabilities and shareholders’ equity	$	44,187	$	28,791

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


		Three Months Ended						Twelve Months Ended
		January 30,			January 31,			January 30,			January 31,
			2022			2021			2022			2021

Cash flows from operating activities:
Net income		$	3,003		$	1,457		$	9,752		$	4,332
Adjustments to reconcile net income to net cash
provided by operating activities:
	Stock-based compensation expense		551			417			2,004			1,397
	Depreciation and amortization		309			287			1,174			1,098
	Deferred income taxes		(225	)		(164	)		(406	)		(282	)
	(Gains) losses on investments in non affiliates, net		53			(9	)		(100	)		–
	Other		21			(8	)		47			(20	)
Changes in operating assets and liabilities, net of acquisitions:
	Accounts receivable		(692	)		117			(2,215	)		(550	)
	Inventories		(374	)		(334	)		(774	)		(524	)
	Prepaid expenses and other assets		(158	)		15			(1,715	)		(394	)
	Accounts payable		183			23			568			312
	Accrued and other current liabilities		423			178			581			290
	Other long-term liabilities		(61	)		88			192			163
Net cash provided by operating activities			3,033			2,067			9,108			5,822
Cash flows from investing activities:
	Proceeds from maturities of marketable securities		7,417			3,627			15,197			8,792
	Proceeds from sales of marketable securities		107			25			1,023			527
	Purchases of marketable securities		(8,767	)		(6,468	)		(24,787	)		(19,308	)
	Purchases related to property and equipment and intangible assets		(273	)		(283	)		(976	)		(1,128	)
	Acquisitions, net of cash acquired		(60	)		–			(263	)		(8,524	)
	Investments and other, net		(11	)		(30	)		(24	)		(34	)
Net cash used in investing activities			(1,587	)		(3,129	)		(9,830	)		(19,675	)
Cash flows from financing activities:
	Proceeds related to employee stock plans		4			4			281			194
	Payments related to tax on restricted stock units		(622	)		(225	)		(1,904	)		(942	)
	Dividends paid		(100	)		(99	)		(399	)		(395	)
	Principal payments on property and equipment		(21	)		(17	)		(83	)		(17	)
	Other		(5	)		(2	)		(7	)		(4	)
	Issuance of debt, net of issuance costs		–			(3	)		4,977			4,968
	Repayment of debt		–			–			(1,000	)		–
Net cash provided by (used in) financing activities			(744	)		(342	)		1,865			3,804
Change in cash and cash equivalents			702			(1,404	)		1,143			(10,049	)
Cash and cash equivalents at beginning of period			1,288			2,251			847			10,896
Cash and cash equivalents at end of period		$	1,990		$	847		$	1,990		$	847

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

	Three Months Ended									Twelve Months Ended
	January 30,			October 31,			January 31,			January 30,			January 31,
		2022			2021			2021			2022			2021

GAAP gross profit	$	4,999		$	4,631		$	3,157		$	17,475		$	10,396
GAAP gross margin		65.4	%		65.2	%		63.1	%		64.9	%		62.3	%
Acquisition-related and other costs (A)		86			86			92			344			425
Stock-based compensation expense (B)		39			44			26			141			88
IP-related costs		–			–			1			9			38
Non-GAAP gross profit	$	5,124		$	4,761		$	3,276		$	17,969		$	10,947
Non-GAAP gross margin		67.0	%		67.0	%		65.5	%		66.8	%		65.6	%

GAAP operating expenses	$	2,029		$	1,960		$	1,650		$	7,434		$	5,864
Stock-based compensation expense (B)		(512	)		(515	)		(391	)		(1,863	)		(1,309	)
Acquisition-related and other costs (A)		(70	)		(70	)		(72	)		(292	)		(411	)
Non-GAAP operating expenses	$	1,447		$	1,375		$	1,187		$	5,279		$	4,144

GAAP income from operations	$	2,970		$	2,671		$	1,507		$	10,041		$	4,532
Total impact of non-GAAP adjustments to income from operations		707			715			582			2,649			2,271
Non-GAAP income from operations	$	3,677		$	3,386		$	2,089		$	12,690		$	6,803

GAAP other income (expense), net	$	(105	)	$	(33	)	$	(37	)	$	(100	)	$	(123	)
(Gains) losses from non-affiliated investments		53			(20	)		(9	)		(99	)		–
Interest expense related to amortization of debt discount		–			1			1			3			3
Non-GAAP other income (expense), net	$	(52	)	$	(52	)	$	(45	)	$	(196	)	$	(120	)

GAAP net income	$	3,003		$	2,464		$	1,457		$	9,752		$	4,332
Total pre-tax impact of non-GAAP adjustments		760			696			574			2,553			2,274
Income tax impact of non-GAAP adjustments (C)		(330	)		(187	)		(74	)		(712	)		(329	)
Domestication tax adjustments		7			–			–			(244	)		–
Foreign tax benefit		(90	)		–			–			(90	)		–
Non-GAAP net income	$	3,350		$	2,973		$	1,957		$	11,259		$	6,277

Diluted net income per share (D)
GAAP	$	1.18		$	0.97		$	0.58		$	3.85		$	1.73
Non-GAAP	$	1.32		$	1.17		$	0.78		$	4.44		$	2.50

Weighted average shares used in diluted net income per share computation (D)		2,545			2,538			2,524			2,535			2,510

GAAP net cash provided by operating activities	$	3,033		$	1,519		$	2,067		$	9,108		$	5,822
Purchases related to property and equipment and intangible assets		(273	)		(221	)		(283	)		(976	)		(1,128	)
Principal payments on property and equipment		(21	)		(22	)		(17	)		(83	)		(17	)
Free cash flow	$	2,739		$	1,276		$	1,767		$	8,049		$	4,677



(A) Acquisition-related and other costs primarily include amortization of intangible assets, inventory step-up, transaction costs, and certain compensation charges presented as follows:

	Three Months Ended									Twelve Months Ended
	January 30,			October 31,			January 31,			January 30,			January 31,
		2022			2021			2021			2022			2021
Cost of revenue	$	86		$	86		$	92		$	344		$	425
Research and development	$	9		$	7		$	2		$	19		$	9
Sales, general and administrative	$	61		$	63		$	70		$	273		$	402

(B) Stock-based compensation consists of the following:
	Three Months Ended									Twelve Months Ended
	January 30,			October 31,			January 31,			January 30,			January 31,
		2022			2021			2021			2022			2021
Cost of revenue	$	39		$	44		$	26		$	141		$	88
Research and development	$	362		$	363		$	266		$	1,298		$	860
Sales, general and administrative	$	150		$	152		$	125		$	565		$	449

(C) 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).

(D) Reflects a four-for-one stock split on July 19, 2021.

NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK


		Q1 FY2023 Outlook
		($ in millions)

GAAP gross margin			65.2%
	Impact of stock-based compensation expense and acquisition-related costs		1.8%
Non-GAAP gross margin			67.0%

GAAP operating expenses		$	3,550
	Arm write-off cost		(1,357	)
	Stock-based compensation expense and acquisition-related costs		(593	)
Non-GAAP operating expenses		$	1,600

Related Topics:AI Artificial Intelligence Machine learning

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Huawei Wen Tong: 6G Needs to Embrace AI for Shaping Future Network

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huawei-wen-tong:-6g-needs-to-embrace-ai-for-shaping-future-network

SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — At the 6G Conference held in Istanbul, on September 24, 2024, Dr. Wen Tong, Huawei Wireless CTO, delivered a keynote speech on 6G standardization and innovation. With the release of the ITU-R 6G vision framework, the 3GPP will start 6G standardization in 2025. “6G is a new generation of mobile technology, not a simple upgrade of 5G, it should bring new value to users,” said Dr. Tong, “6G is a true intergenerational technological disruption. 6G standard, key technologies, and network architecture should be re-defined based on application scenarios and requirements from 2030 to 2040. 6G should not be another way to implement 5G. Instead, 6G should embrace the AI revolution with a quantum leap and generate new values for the consumers. In this way, 3GPP standards can truly realize the 6G vision and create greater value for the entire industry.”

Centered “6G Standardization Direction” and “6G Innovation Driving Force”, Dr. Tong shared important views on the future architecture, terminal development, and key technologies of 6G.
In terms of architecture design, 6G should go beyond Service-Based Architecture and move towards Application-Driven Network.
5G has already achieved market success and continues to evolve towards 5G-Advanced. 6G will not simply reuse 5G network architecture, without generational and fundamental innovations, which will limit the mobile industry’s aspiration and imagination to dive the innovation in the 6G era. 6G must have obvious cross-generational characteristics and technical breakpoint.
On the core side, reusing the 5G core network will hinder the innovation in AI. We should use Agentic-AI based technology to re-architect 6G Core that goes beyond 5G Service-Based Architecture and support the foundational capabilities of AI, Sensing and NTN , and thus evolve towards the Application Driven Network .
In terms of terminal evolution, 6G user device calls for a breakthrough to lead the success of the entire industry chain.
It is the law of the mobile industry to drive the evolution of the market with the pioneering technology. The 6G networks and 6G terminals must meet the requirements of consumers and vertical industries in the 6G market phase from 2030 to 2040.
Currently, smartphones are evolving to AI terminals to usher in the mobile AI era. In post-MBB era, breakthroughs in terminal technologies will be the key to the evolution of the mobile industry. Therefore, 6G user device calls for a breakthrough towards “Full-AI”, thus to drive 6G network upgrade and the success of the entire industry ecosystem.
In terms of technology development, AI will become a key enabler for 6G with network paradigm shifting.
Twenty years ago, the Internet was the enabler of the technology innovations. Mobile communications embraced the Internet and achieved great business success. Today, AI maybe the disruptive enabler of the latest technology innovations.
6G should embrace the AI revolution with a quantum leap. However, 6G networks should not be limited to generative AI, Artificial General Intelligence (AGI) and Embodiment-AI are the main directions of future AI development. Therefore, AGI should run through the whole process of sensing, reasoning, decision, and action of terminals, wireless networks, and core networks of 6G, to welcome the arrival of a new network paradigm.
At the end, Dr. Tong Wen emphasized the relationship between 5G and 6G: “The global 5G deployment is on the rise and evolving to 5G-Advanced, which not only meets the current requirements of operators, but also protects their investment. Therefore, 6G technologies should not overlap with 5G in technologies and market space. The specifications, technologies, and architecture of 6G must be based on the scenarios and requirements from 2030 to 2040. We should focus on true generational technology disruption, embrace the new opportunities brought by AI, expand the mobile industry in the next generation.”
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Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

Published

2 days ago

September 27, 2024

CISION (PR Newswire)

how-aiot-shapes-the-future-of-mobility:-hikvision-at-its-world-congress-2024

HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence

Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

2 days ago

September 27, 2024

CISION (PR Newswire)

DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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