PYMNTS-MonitorEdge-May-2024

NVIDIA

Big Tech Drags CE 100 4.3% Lower Amid September’s Rocky Start  
Big Tech Drags CE 100 4.3% Lower Amid September’s Rocky Start  
September 09, 2024  |  Connected Economy

The holiday-shortened week was action-packed, at least in terms of market volatility, and for the CE 100 Index the overarching theme might be summed up...

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Report: DOJ Begins Probe Into Nvidia Contracts and Partnerships
Report: DOJ Begins Probe Into Nvidia Contracts and Partnerships
September 08, 2024  |  Regulation

American regulators are reportedly probing whether tech giants are abusing their AI marketplace position. Among these companies under probe is Nvidia, the Wall Street Journal...

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Nvidia and Microsoft Face Lawsuit Alleging AI Chip-Related Patent Infringement
Nvidia and Microsoft Face Lawsuit Alleging AI Chip-Related Patent Infringement
September 05, 2024  |  Legal

Nvidia, Microsoft and patent risk management company RPX are facing a lawsuit accusing them of “rampant” patent infringement and antitrust law violations. The suit was filed Thursday...

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Nvidia Contributes to $160 Million Applied Digital Funding Round
Nvidia Contributes to $160 Million Applied Digital Funding Round
September 05, 2024  |  Investments

Data center operator Applied Digital is the latest company benefiting from investors’ artificial intelligence appetites. The firm raised $160 million in a financing round that...

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75% of Automakers Plan to Integrate GenAI Into Vehicles This Year
75% of Automakers Plan to Integrate GenAI Into Vehicles This Year
September 05, 2024  |  artificial intelligence

Generative AI is revolutionizing the automotive industry, pushing the boundaries of vehicle design, manufacturing and customer experience. The technology, which harnesses advanced algorithms to create...

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Nvidia-Backed Sakana AI to Build ‘World-Class AI Lab’ in Japan
Nvidia-Backed Sakana AI to Build ‘World-Class AI Lab’ in Japan
September 04, 2024  |  Artificial Intelligence

Tokyo-based artificial intelligence firm Sakana AI raised over $100 million in a Series A funding round and formed a collaboration with Nvidia. The funding round...

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Report: DOJ Sends Tech Companies Subpoenas in Nvidia Antitrust Probe
Report: DOJ Sends Tech Companies Subpoenas in Nvidia Antitrust Probe
September 03, 2024  |  ANTITRUST

The Department of Justice (DOJ) has reportedly escalated its antitrust investigation of Nvidia. After previously sending questionnaires to the chipmaker and other tech companies, the...

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Elon Musk’s xAI Launches Colossus Training Cluster
Elon Musk’s xAI Launches Colossus Training Cluster
September 03, 2024  |  Artificial Intelligence

Elon Musk’s artificial intelligence startup xAI launched its Colossus 100k H100 training cluster over the weekend. “Colossus is the most powerful AI training system in...

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Ex-Google CEO Schmidt Joins Magic’s $320 Million Raise to Develop AI Coding
Ex-Google CEO Schmidt Joins Magic’s $320 Million Raise to Develop AI Coding
August 30, 2024  |  Artificial Intelligence

Magic raised $320 million from a group of investors that includes former Google CEO Eric Schmidt to build an artificial intelligence coworker for AI research...

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