Nvidia is shrinking its cloud computing business

According to Huobi HTX, people familiar with the matter revealed that Nvidia is reducing its focus on its cloud computing business, DGX Cloud, which was once positioned as a competitor to Amazon's network services. According to a person with direct knowledge of the situation, the company currently plans to use the service primarily for its own researchers rather than actively seeking external enterprise customers. The service consists of servers powered by its AI chips. The company had ambitious goals for its cloud business, believing it could eventually generate $150 billion in revenue.