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Nvidia-backed platform that turns text into AI-generated avatars raises valuation to $1 billion

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AI-powered video generation platform Synthesia has raised $90 million from investors, the company told CNBC exclusively. The round, which values ​​the company at $1 billion, was led by venture capital firm Accel and backed by US chipmaker Nvidia. Synthesia will use the money to invest in artificial intelligence research, advancing on partnerships with leading colleges … Read more

Microsoft signs AI computing power deal with Nvidia-backed CoreWeave that could be worth billions

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Microsoft’s deal with CoreWeave could be worth billions of dollars over several years, people familiar with the matter said. CoreWeave offers Nvidia graphics cards that other companies rent out. Nvidia has invested $100 million in CoreWeave, which was valued at $2 billion in April. Microsoft CEO Satya Nadella Jordan Novet | CNBC Microsoft’s massive investment … Read more