Here's your TMB Tech Minute for Wednesday, August 28th. I'm Zoe Thomas for the Wall Street Journal.

We're exclusively reporting that Open AI is in talks to raise several billion dollars.

The new funding round would value the maker of ChatGPT above $100 billion.

It was last valued at $ billion dollars a late last year.

This funding round is being led by venture capital firm Thrive Capital, which will invest

about $1 billion.

That's according to people familiar with the matter. Thrive has already

put several hundred million dollars into the startup. Microsoft, which currently has a

49% share of Open AI's profit profit is also expected to put money in the new funding round.

It couldn't be determined what other investors are participating.

News Corp, owner of the Wall Street Journal, has a content licensing partnership with Open AI.

Envideo reported strong quarterly revenue growth and a robust financial outlook.

Sales in the second quarter more than doubled from a year earlier to

30 billion dollars.

NVIDIA's profit also more than doubled to over 16.5 billion dollars.

The chipmaker also projected around 32 and a half

billion dollars of revenue for its current quarter, topping Wall Street forecasts in

a FACET survey. And Vidia's chips have been powering the artificial intelligence boom.

The results are a sign of continued momentum despite concerns that investment in the area has

surged too quickly.

And the impact of the crowd strike outage, which knocked 8.5 million computers offline last

month, has led the company to cut its outlook for the year. The Cybersecurity Company said it lowered its the

...