Tags: NVidia

The fundraising was led by IVP, whose portfolio also includes Coinbase and Robinhood, and joined by new investors Nvidia and Jeff Bezos.

Nvidia CEO said the company has plans to expand its partnership in Vietnam and potentially set up a base to attract local talent in the AI industry.

The outspoken executive also said that Meta isn’t pursuing quantum computing because it isn’t currently useful.

OQC is also launching what it calls “the world’s first enterprise ready quantum computing platform.”

The company posted its record quarter just days after Nvidia stock achieved an all-time high.

OpenAI’s future remains uncertain as employees threaten a walkout over the firing of former CEO and co-founder Sam Altman.

Former OpenAI CEO Sam Altman has reportedly agreed to a position with Microsoft while Nvidia reaps the benefits of big tech’s scramble to build a better chatbot.

The U.S. imposed export restrictions on high-level AI chips to China in October 2022, but Chinese companies are finding new ways to develop the technology.

Google‘s parent company Alphabet was the worst performer on the day, falling 9.5 in a massive $180 billion wipeout.

The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others.

OpenAI reportedly weighed up a chip making firm as an acquisition target so it could produce its own AI chips.

The race to develop AI chips continues as Samsung’s chip manufacturing department partnered with Canadian startup Tenstorrent to produce chips and intellectual property for data centers.

The action reportedly came as a part of a general inquiry of French antitrust authorities into the cloud computing sector.

Capital One also joined the investment round, despite being the top client of rival cloud platform Snowflake.

Adobe, IBM, Nvidia and five other companies have joined the initiative, unveiled in July, aimed at preventing the misuse of AI‘s capabilities for harmful purposes.

The U.S. and Vietnam completed business deals and partnerships worth billions of dollars to advance the AI, semiconductor and cloud computing industries.

Meta is reportedly in the process of building a new, more powerful and open-source AI model to rival the most powerful systems of its rival OpenAI.

The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent as to whether the requirements were only imposed on specific countries.