2024-10-04

OpenAI raises at $157 billion valuation; Microsoft, Nvidia join round

OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. While OpenAI didn’t name the investors in Wednesday’s press release, a person with knowledge of the matter said the round was led by Thrive Capital and included participation…

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2024-09-13

Nvidia, OpenAI, Anthropic and Google leaders meet with White House to talk AI

Leaders at OpenAI, Anthropic, Nvidia, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Microsoft president Brad Smith, Google President Ruth Porat…

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2024-09-12

Oracle trails only Nvidia among large-cap tech in 2024, Ellison wins

Larry Ellison, co-founder, chairman and chief technology officer of Oracle, speaks during the Oracle OpenWorld conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Larry Ellison turned 80 last month. It’s been a celebratory year. While fellow legacy tech players Intel and Cisco struggle to find their footing in a world driven…

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2024-09-05

Nvidia stock up after drop wiped out almost $300 billion

Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024.  I-hwa Cheng | AFP | Getty Images Nvidia shares fell nearly 2% on Wednesday, after briefly recovering from a pre-market slip after Bloomberg reported that the company received a subpoena from the Department of Justice as part of an antitrust investigation. Nvidia denied on Wednesday…

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2024-08-30

Nvidia (NVDA) shares fall after earnings beat estimates

A binary code is displayed on a laptop screen in the background, while the Nvidia logo is showcased on a phone on April 28, 2024.  Nurphoto | Nurphoto | Getty Images Nvidia shares fell on about 6% Thursday, as the company’s fiscal second-quarter gross margin dipped slightly, and its revenue beat was eclipsed by a backdrop of increasingly lofty…

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