Thursday, May 25, 2023

Nvidia's results spark nearly $300 billion rally in AI stocks

Nvidia forecast quarterly revenue more than 50% above Wall Street estimates, with Chief Executive Officer Jensen Huang saying in a statement the company is "significantly increasing our supply to meet surging demand" for its data center chips.

from Tech-Economic Times https://ift.tt/DcnUmHK
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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...