{
  "docId": "019dd923-5e88-73ef-bd5d-06b04d219fea",
  "docSlug": "dd91c78f6570bf29",
  "documentTitle": "2023 Air Street Capital The State of AI Report 2023",
  "authorId": "AirStreetCapital",
  "authorName": "Air Street Capital",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "vc_research",
  "sourceTypeLabel": "VC research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.777,
  "pageNumber": 70,
  "pageCount": 163,
  "prevPage": 69,
  "nextPage": 71,
  "slideType": "financial_analysis",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 30,
  "notes": "The chart uses a red box to highlight the most recent quarter (Q2 FY24) and includes emojis to emphasize the growth.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "bar_chart_stacked"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5d-06b04d219fea/70",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5d-06b04d219fea",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5d-06b04d219fea.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5d-06b04d219fea#slide-70",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Q2 '23 data center revenue was a record $10.32B, up 141% from Q1 '23 and up 171% from a year ago.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-47c4-7719-a228-91e77be12473",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.7,
        "x": 0.15,
        "y": 0.4
      },
      "kind": "chart",
      "text": "Stacked bar chart of NVIDIA revenue by segment (Data Center, Gaming, Other) from Q4 FY21 to Q2 FY24.",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fe2159c4-e580-4c91-871f-7f53c4c643ea",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.35,
        "y": 0.42
      },
      "kind": "legend",
      "text": "Other, Gaming, Data Center",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "072a46e4-a8a4-480b-8dfa-6ef28490f3a8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Data Center Revenue: $10.32B",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-47c4-7719-a228-961c5e4de988",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.9,
        "x": 0.05,
        "y": 0.22
      },
      "kind": "paragraph",
      "text": "Q2 '23 data center revenue was a record $10.32B, up 141% from Q1 '23 and up 171% from a year ago. The stock was bearish for 2022 even though annual revenue came in at $27B, a 61.4% increase from 2021. NVIDIA now commands a $1.1T market capitalisation, up from $8.5B (130x) 10 years ago.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9faa533c-7621-4dca-a9b8-758a962c95fc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.14
      },
      "kind": "title",
      "text": "GPU demand sees NVIDIA print blowout earnings as it enters the $1T market cap club",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "089e30f7-8628-456b-a805-eab338aa9784",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Inductive Reasoning",
      "slug": "inductive-reasoning",
      "agent": "Architect",
      "layer": "loop",
      "matchId": "019dd95a-1055-74e0-a957-7846590a93b1",
      "evidence": "Opens a long pattern_hunter loop on NVIDIA dominance.",
      "confidence": 75
    },
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1055-74e0-a957-6a9fd555f61c",
      "evidence": "Title states the verdict: 'NVIDIA print blowout earnings... $1T market cap club'.",
      "confidence": 92
    },
    {
      "name": "Annotation",
      "slug": "annotation",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1055-74e0-a957-6c686172ba37",
      "evidence": "Red rectangle highlights the breakout Q1/Q2 FY24 bars on the data-center chart.",
      "confidence": 90
    },
    {
      "name": "Visual Hierarchy",
      "slug": "visual-hierarchy",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1055-74e0-a957-744f95638987",
      "evidence": "Red highlight + dollar labels make the breakout the focal point.",
      "confidence": 75
    },
    {
      "name": "Von Restorff Effect",
      "slug": "von-restorff-effect",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1055-74e0-a957-7339d4b206c3",
      "evidence": "Final two bars circled in red stand out from prior bars.",
      "confidence": 80
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "e83571b4-0e46-4c23-9092-8b06e9f6afd3",
      "evidence": "Stacked bar chart of NVIDIA revenue by segment (Data Center, Gaming, Other) from Q4 FY21 to Q2 FY24.",
      "confidence": 0.6
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 120,
      "from": 11,
      "beatId": "019dd95a-0682-776c-8e35-41afd44ef59f",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Facts (What)",
      "beatSlug": "triple-take-the-facts-what",
      "evidence": "Research + Industry sections inventory model, compute, funding facts.",
      "position": 1,
      "confidence": 78,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    },
    {
      "to": 120,
      "from": 11,
      "beatId": "019dd95a-0682-776c-8e35-523bfb7f96e6",
      "arcName": "The Mountain",
      "arcSlug": "mountain",
      "beatName": "Rising Action",
      "beatSlug": "mountain-rising-action",
      "evidence": "Escalating capabilities, compute concentration and capital flows.",
      "position": 2,
      "confidence": 45,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 83,
      "from": 70,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "019dd95a-07fe-70ce-8d3d-ff781be07723",
      "evidence": "Earnings, GPU clusters, A100/H100 indices, 19x research-paper share, 5-year LTV, hyperscaler capex all point one way.",
      "position": 8,
      "objective": "Establish NVIDIA's chokehold on AI compute via converging evidence",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 85,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}