Chip giant Nvidia has reported record annual revenue of $215.9bn (£159.1bn), despite a wave of investor scepticism about the massive amounts of money being spent on artificial intelligence (AI) technology. The firm also beat analyst's forecasts as sales for the last three months of its financial year jumped by 73% compared to 12 months earlier.

Nvidia unveils Vera Rubin, a next-gen AI system promising 10x performance per watt, modular design, and liquid cooling to power future data centers.

Feb 27 (Reuters) - Nvidia plans to launch a new processor designed to help OpenAI and other customers build faster, more efficient AI systems, the Wall Street Journal reported on Friday, citing people familiar with the matter.

However, beneath these headline figures lies a captivating and surprising trend: Nvidia’s six-year-old Ampere (A100) chips are still nearly impossible to obtain.

Nvidia's stellar earnings reports haven't moved the stock much recently. BNP Paribas analyst David O'Connor said he expects a bigger catalyst to come next month at the chip maker's annual GTC. After the Washington,

OpenAI's latest funding round is even bigger than its prior financing, which was a record amount for private tech companies.

Feb 27 (Reuters) - OpenAI said on Friday it is raising $110 billion in a blockbuster funding round that would value the ChatGPT maker at $840 billion, in a deal that signals the feverish pace of investment in artificial intelligence.