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Nvidia is flying high thanks to AIWhen Nvidia announced eye-popping earnings on Wednesday with three-digit year-over-year growth, it was easy to get caught up in the excitement. The company brought in $13.5 billion for the quarter, up 101% over the prior year, and well over its $11 billion guidance. That’s certainly something to get excited about.
Nvidia is benefiting from being a company in the right place at the right time, where its GPU chips are in high demand to run large language models and other AI-fueled workloads. That in turn is driving Nvidia’s astonishing growth this quarter. (It’s worth noting that the company set the groundwork for its current success some time ago.)
“​​Data center compute revenue nearly tripled year on year, driven primarily by accelerating demand for cloud from cloud service providers and large consumer internet companies for our HGX platform, the engine of generative and large language models,” Colette Kress, Nvidia’s executive vice president and chief financial officer, said in the post-earnings report call with analysts.
This kind of growth brings to mind the heady days of cloud stocks, some of which soared during the pandemic lockdown as companies accelerated their usage of SaaS to keep their workers connected. Zoom, in particular, took off with five quarters of absolutely astonishing growth during that time.
Zoom pandemic fueled growth. Image Credits: TechCrunch
Today, even double-digit growth is long gone. For its most recent report earlier this month, the company reported revenue of $1.138 billion, up 3.6% over the prior year. That follows five straight quarters of single-digit growth, the last three in the low single digits.
Could Zoom possibly be a cautionary tale for a company like Nvidia riding the generative AI wave? And perhaps more importantly, will this drive unreasonable investor expectations about future performance as it did with Zoom?
Data center demand isn’t going anywhere
It’s interesting to note that Nvidia’s biggest growth area is in the data center, and that web scalers are still building at a rapid pace with plans to add over 300 new data centers in the coming years, per a Synergy Research report from March 2022.
“The future looks bright for hyperscale operators, with double-digit annual growth in total revenues supported in large part by cloud revenues that will be growing in the 20-30% per year range. This in turn will drive strong growth in capex generally and in data center spending specifically,” said John Dinsdale, a chief analyst at Synergy Research Group, in a statement about the report.
At least some percentage of this spending will surely be devoted to resources for running AI workloads, and Nvidia should benefit from that, CEO Jensen Huang told analysts on Wednesday. In fact, he believes that his company’s expansive growth is much more than a flash in the pan.
“There’s about $1 trillion worth of data centers, call it, a quarter of trillion dollars of capital spend each year. You’re seeing that data centers around the world are taking that capital spend and focusing it on the two most important trends of computing today: accelerated computing and generative AI,” Huang said. “And so I think this is not a near-term thing. This is a long-term industry transition, and we’re seeing these two platform shifts happening at the same time.”
If he’s right, perhaps the company can sustain this level of growth, but history suggests that what goes up must eventually come down.
Business gravity
If Zoom is any indication, some businesses that see rapid growth for one reason or another can hold onto that revenue in the future. While it’s certainly less exciting for investors that Zoom’s growth rate has sharply moderated in recent quarters, it’s also true that Zoom has continued to grow. That means it has retained all its prior scale and then some.

European concert and ticketing firm CTS EVENTIM generated €1bn in the first six months of 2023Revenue haul marked the first time the company generated in excess of €1 billion within a six-month period
Source

5 vocal production and songwriting tips from NERVO
DJ and production duo NERVO (Kylie Minogue, Steve Aoki) sat down with us to share five timeless vocal production and songwriting tips.

Word Collections secures $5m in funding from investors led by Metallica’s Black Squirrel PartnersFunds will be used to accelerate Word Collections’ global direct licensing business
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Sony Playstation is acquiring Audeze, maker of planar-magnetic studio headphonesEsteemed headphone manufacturer Audeze is set to be acquired by Sony Interactive Entertainment, with a focus on PlayStation.
READ MORE: Sony’s MDR-MV1 headphones offer a stunning insight into your mixes and masters
In a statement released today (24 August), Sony announced that it has “entered into an agreement to acquire Audeze.” The California-based tech giant said that the purchase will assist in the innovation of audio experiences of PlayStation games.
Audeze will continue to operate independently, which likely means it will continue to build its high-end planar magnetic studio headphones, such as the £1,699 Manny MM-500s.
However, elsewhere in Audeze’s catalogue is a selection of award-winning “audiophile gaming headphones.” Also built with planar magnetic tech, these headphones – such as the Maxwells – offer 24-bit, 96kHz via wifi dongle, plus Dolby Atmos capabilities.
Audeze x Microsoft Ultraviolet Maxwell.Image: Audeze
On the latter, Sony’s senior vice president of platform experience, Hideaki Nishino says: “We’re excited to bring Audeze’s expertise into the PlayStation ecosystem, building on the great strides we’ve made with PlayStation 5’s Tempest 3D AudioTech and the Pulse 3D wireless headset.”
Meanwhile, Audeze’s CEO Sankar Thiagasamudram suggest that the acquisition will provide the brand with opportunities to expand its business and amp up PlayStation’s audio tech.
“Sony Interactive provides Audeze with a unique opportunity to scale our business, as we continue with our mission to deliver best-in-class headphones to recording professionals, audiophiles, and gamers.”
“We’re also looking forward to contributing to Sony Interactive’s efforts to take PlayStation audio experiences to the next level.”
Previously, Audeze has collaborated with one of Sony’s main competitors, Microsoft, on limited-edition headphones for the Xbox. Sony’s press statement suggests that, as its fellow California-based company is still operating independently, it will continue to collaborate with Sony’s competition. No doubt Sony and Audeze co-branded products are in the works, though.
Sony has recently been in the news for another announcement: PlayStation Portal, a new handheld gaming device to accompany the PS5.
The statement ends, “Terms of this transaction, including the acquisition cost, are not disclosed due to contractual commitments.”
The post Sony Playstation is acquiring Audeze, maker of planar-magnetic studio headphones appeared first on MusicTech.

Scotland’s first-ever vinyl pressing plant set to arrive in the autumnScotland is set to welcome its first ever vinyl pressing plant later this year.
Seabass Vinyl is an independent, family-owned pressing plant launched by Dominique and David Harvey, and it’s set to open in October at the Macmerry Industrial Estate in Tranent, East Lothian. They’re hoping to press between 50,000 and 60,000 records each month once they’ve got things set up properly, and want to become one of the greenest plants in the world too.

READ MORE: US vinyl record sales increased by 21.7 per cent in the first half of 2023

“We’re artist-centric with an emphasis on quality and sustainability,” they said to Resident Advisor. “We offer fair prices, short production runs and optimised production lead times.
“Our ambition is to become a valuable partner to artists and the music industry in general, as well as our local community. We’ve recently been announced as a partner of the Scottish Album of the Year award and will be pressing the records for the winner of the Sound of Young Scotland award free of charge.”
While Seabass Vinyl is yet to launch, they’re already active on Instagram. On there, Dominique and David have shared a glimpse of the plans for the plant.

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A post shared by Seabass Vinyl (@seabassvinyl)

It’s been in the works since at least 2022, when the first post on the Instagram account was posted, telling followers to “Watch that space”. According to a post from April this year, the company was blocked for six months as it waiting for confirmation that the plant could be built, and wasn’t going to be on a coal mine.

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A post shared by Seabass Vinyl (@seabassvinyl)

And it’s coming at a good time, too. Just under a year ago, vinyl became the UK’s second biggest selling physical format, overtaking PlayStation games. It’s overtaken CDs and DVDs too – it’s only Nintendo Switch games that are currently selling more copies.
The post Scotland’s first-ever vinyl pressing plant set to arrive in the autumn appeared first on MusicTech.

AI-powered music creation app Moises launches new tools for easier productionMoises, an AI-powered app for music creation, has launched three new features which aid the production process.
The new features – AI Lyrics Transcription, Song Sections, and Extended Chords – will “empower singers, songwriters, and musicians to unlock their full potential”, according to the brand.

READ MORE: New music platform Myvox lets artists licence and monetise their own AI voice models

The app’s new AI Lyrics Transcription tool can transcribe lyrics from songs in multiple languages, such as English, Spanish, Portuguese, Italian, and French, and can synchronise lyrics with “word-by-word precision”.
Users can also access their transcribed lyrics on all platforms, so you record an idea on a mobile device, import it into Moises, and continue to work on the same project on a desktop device for easier collaboration, or producing on the go.
Also now in the app is Advanced Chords, a new addition to the Chord Detection feature. This provides more accurate chord detection and advanced chord capabilities so that users can access complex jazz chords and more.
Chords are also categorised into three different types (easy, medium, and advanced) so that musicians have the right chords for their skill level.
And finally, due to user requests, the platform is also now offering an AI-powered Song Sections feature which automatically detects and can loop different parts of a song such as the intro, verse, and bridge. The tool has been created to offer gigging musicians who need to learn fast a swifter way to practice.
“Each of these features provides new functionality unique to Moises,” says Spencer Mann, VP of Growth at Moises in a press release. “Our product team has listened to our incredible customers and these new features are the result. They are all designed to help intermediate and advanced musicians get the most from their experience in Moises.”
Find out more at Moises.
The post AI-powered music creation app Moises launches new tools for easier production appeared first on MusicTech.

BABY Audio Industry Standard Bundle 10 Industry-Leading Plugins Our Industry Pro Bundle offers the most cost-effective way to get your hands on all of Baby Audio's award-winning plugins. 3 Modern Mix... Read More

Antares update Auto-Tune Pro X With the latest update to Antares' Auto-Tune Pro X, users of Cubase and Nuendo can now enjoy enhanced integration with their DAW thanks to ARA2 support.

BABY Audio Industry Pro Bundle 10 Industry-Leading Plugins Our Industry Pro Bundle offers the most cost-effective way to get your hands on all of Baby Audio's award-winning plugins. 6 Modern Mix... Read More

New UAFX pedals by Universal Audio emulate vintage effects from ’50s to ’80sUniversal Audio has launched four new single-footswitch stompbox effects pedals – the Orion Tape Echo, 1176 Studio Compressor, Heavenly Plate Reverb & the Evermore Studio Reverb. Each pedal emulates a classic effects pedal made between 1950 and 1980 but in more compact units.

READ MORE: Strymon Cloudburst reverb is a washy wonder for the pedalboard and studio

The Orion Tape Echo, according to UA, is an authentic emulation of the vintage Maestro Echoplex EP-III tape echo launched in 1970, albeit far more portable. The brand has captured the essence of the original’s analogue preamp, making for fat tones and effects, and it has different tape types: Mint, Worn, and Old, and a Wonk control for added vintage flavour.
Universal Audio Orion Tape Echo
Universal Audio’s 1176 Studio Compressor emulates the iconic 1176LN Limiting Amplifier launched in 1967. It has Single, Dual, and Sustain modes, and you can adjust the Input, Output, Attack, and Release settings as with the original. There’s also a Ratio knob with the “all buttons in” mode, making for gritty results.
Universal Audio 1176
The Heavenly Plate Reverb pedal offers the same vibe of 1950s German-crafted studio reverbs. There are three vintage studio plate reverb types to pick from here – Vintage Bright, Vintage Dark, and Modern Full plate settings. You can also fiddle with the pedal’s Mod, Pre Delay, and EQ controls for precise and detailed effect crafting.
Universal Audio Heavenly
Finally, the Universal Audio Evermore Studio Reverb captures the textured ambient trails and captivating modulations found in vintage digital hardware from the late 70s. There are distinct sounding Room, Small Hall, and Large Hall programs within a compact stompbox design. You also get accurate vintage bass, mid, and treble decay controls.
Universal Audio Evermore
If you’re a fan of Universal Audio pedals, we recently reviewed the brand’s multi-effects UAFX Del-Verb. We called it an “ambience companion”, writing that it “potentially contains every ambient sound you could ever wish for”.
Each pedal costs $219, apart from the 1176 Studio Compressor, which will set you back $199. Check them out  over at Universal Audio.
The post New UAFX pedals by Universal Audio emulate vintage effects from ’50s to ’80s appeared first on MusicTech.

Applications open for two $40K Bob Dylan Center Songwriter FellowshipsThe Bob Dylan Center will award two annual $40,000 Songwriter Fellowships designed to mentor and develop aspiring songwriters. Universal Music Publishing Group is supporting the effort. Each fellowship will include $40,000,. Continue reading
The post Applications open for two $40K Bob Dylan Center Songwriter Fellowships appeared first on Hypebot.

6 Questions with soulful indie singer-songwriter Shawn JamesFor this latest edition of ‘6 Questions With…’ I caught up with soulful indie singer-songwriter Shawn James while he was prepping for his  27-date fall tour. Onstage, James can be wonderfully. Continue reading
The post 6 Questions with soulful indie singer-songwriter Shawn James appeared first on Hypebot.

A remix created by Frankie Knuckles nearly a decade ago has been releasedA remix that iconic house music producer, Frankie Knuckles, co-created with Eric Kupper has been newly released nearly a decade on.
The remix is of a track from Ultra Naté and Michelle Williams (Destiny’s Child), titled Waiting On You, which originally landed as part of Ultra Naté’s 2013 album, Hero Worship.

READ MORE: “I’ve never used a MIDI instrument in my life”: Jack Antonoff on his love of analogue gear

The new remix lands just shy of the Chicago holiday Frankie Knuckles Day (celebrated on 25 August), which honours the late producer who passed away in 2014. Knuckles played a vital role in the early popularisation of house music back in the early 1980s.
Knuckles and Kupper had originally produced the remix under a collaborative alias of Director’s Cut. According to EDM, Naté has confirmed that the Knuckles had provided his approval to release the track prior to his death.
“The remix was blessed by my mentor, big brother and cultural icon, Frankie Knuckles, officially ‘The Godfather of House Music,’ who at the time, was making his way back into remix and production work as ‘Director’s Cut’ along with Eric Kupper,” Naté says in a press release.
“Waiting On You has always been a centrepiece of the Hero Worship album and there’s no better time than now to drop it for Frankie Knuckles Day.”
Stream the remix below:

Everyone knows that the beauty of music is that it lives for long after so many great artists leave us – the well-missed EDM producer Avicii has just hit two billion streams on Spotify with his 2013 track Wake Me Up. The song joins an exclusive 40-strong club of tracks in the two billion region.
It joins the likes of 2018’s Someone You Loved by Lewis Capaldi, 2019’s Dance Monkey by Tones and I and Sunflower by Post Malone and Swae Lee in the two billion club.
The post A remix created by Frankie Knuckles nearly a decade ago has been released appeared first on MusicTech.