exchanges the Goldman Sachs podcast featuring exchanges on the forces driving the markets and the economy exchanges between the leading minds at Goldman Sachs new episodes every week listen now here's your tnb tech Minute for Wednesday, November 20th.

I'm Bell Lynn for the Wall Street Journal.

Chipmaker Nvidia gave a strong outlook today, pointing to healthy demand for its next-generation chips.

The company said sales surged to $35.1 billion in its latest quarter, and profits nearly doubled to $19.3 billion, both ahead of

analyst and Wall Street forecasts.

Nvidia's shares fell in after-hours trading, however. Results fell short of some investors' expectations following several

quarters of sky-high revenue and profits. And despite a hiccup with its Blackwell chips,

which NVIDIA has blamed on engineering issues, the company stuck to an expectation that

the chips will bring in several billion dollars of revenue in

its current quarter, which ends in January. Elon Musk's artificial intelligence startup

X-A-I has told investors it raised $5 billion in a new funding round, more than doubling its

valuation to $50 billion.

The funding is expected to come from Qatar's sovereign wealth fund and the investment firm's Valor Equity Partners, Sequoia Capital, and Entrescent Horowitz.

That's according to people familiar with the matter.

The new financing brings the total amount XAI has raised to $11 billion

this year. And the U.S. Army is bypassing some of venture capital's best-funded drone makers

to buy technology from teal drones, a little-known manufacturer based in Salt Lake City, Utah.

The company was selected as the winner of a military program to provide thousands of small

surveillance drones.

That's according to a regulatory filing and an Army document viewed by the Wall Street Journal.

The Army has said it needs nearly 12,000 drones for its short-range

reconnaissance program, its biggest effort yet to acquire small surveillance aircraft. A purchase

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