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.

On Wednesday after the market close, Nvidia ( NVDA 4.17%) delivered a powerful fourth-quarter fiscal 2026 report. The leader in graphics processing units (GPUs), considered the "gold standard" for enabling AI, has seen its fortunes soar as demand for AI capabilities has surged.

Michael Burry of "The Big Short" fame warned of a "troubling" surge in Nvidia's purchase obligations to $95 billion, labeling it a "risky position."

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

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.