Nvidia reports record revenue again, beating expectations

Nvidia, the chipmaker, has reported its financial results for the last quarter. The company's revenue grew by 73% compared to the same period last year, reaching a record $21.5 billion. This marks another quarter where the company's performance has significantly exceeded market expectations.

This strong performance comes despite some analysts raising concerns about a potential slowdown in the artificial intelligence (AI) sector. The company also disclosed it has guaranteed $3.5 billion in lease payments for its data centers, highlighting its continued investment in infrastructure.

Separately, a startup called MatX, which is developing AI chips to compete with Nvidia, has raised $500 million in funding. In other AI news, the company Anthropic has reportedly scaled back some of its internal commitments related to AI safety research.