The Latest Breaking News from Nvidia

Character.AI said it’s abandoning its efforts to build LLMs because it’s gotten “insanely expensive” to compete with the big guys.

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.13%. Stocks today are mixed, but little changed overall. The Dow Jones...

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

NVIDIA recently unveiled powerful open-source multimodal large language models (LLMs) dubbed NVLM 1.0 with the flagship model, NVLM-D-72B featuring up to 72 billion parameters.

The departure of OpenAI Chief Scientist Ilya Sutskever raised concern among top officials in the firm behind the curtains. They reportedly tried to get the Chief Scientist back on the team by extending him a new and possibly lucrative deal, but their efforts were turned down.

OpenAI has officially closed its funding round with a $157 billion market capitalization after raising $6.6 billion from many big tech corporations, including Microsoft, NVIDIA, SoftBank, and more.

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

Rumors suggest Qualcomm is cooking up a next-gen chip that could rival Apple

The startup behind ChatGP, which is reportedly planning to become a for-profit business, is now valued on par with Uber