Nvidia is expecting to reap $1bn revenue from cloud computing within the next three years.
The company claims the surge in revenue will be triggered by the rise in demand for big data analysis, which will drive demand for its graphics chips.
In 2012, the company introduced technologies for cloud computing that used capabilities of graphics processing unit GPUs, which allows users to simultaneously share GPUs.
The technology has advanced over the years, and now the GPUs can be used for different types of applications like voice command which is similar to Apple’s voice based assistant Siri.
Reuters cited Nvidia CEO Jen-Hsun Huang as saying that presently Nvidia’s cloud computing is one of its fastest-growing segments with revenue jumping up to 60-70% a year.
With Nvidia’s cloud computing technology users can also play graphics-heavy games over the internet.
Apart from making computing and gaming graphics, Nvidia is shifting towards automotive graphics by entering into a partnership with electric carmaker Tesla Motors.
The company has also introduced a hardware and software development kit for self-driving and self-parking systems for Tesla, Rolls Royce, Bentley, and Aston Martin.
