• Watch live: Nvidia CEO Jensen Huang addresses the chipmaker's annual AI conference

    Among other things, AI chipmaking giant Nvidia is predicted to unveil an all-new chip at its flagship annual event this week. CEO Jensen Huang will take the stage at the chipmaker’s GPU Technology Conference (or GTC) to deliver the keynote address today. While there, Huang is expected to announce the next generation of the company’s H100 chip — the B100, which is rumored to be Nvidia’s first multi-die chip, meaning it is a large design partitioned into smaller pieces. If so, the chip is...

    • Quartz

    Fabrics and crafts retailer Joann files for chapter 11 bankruptcy

    Fabrics and sewing retailer Joann has filed for Chapter 11 bankruptcy as it deals with waning consumer demand. The 80-year-old retailer said in a statement on Monday it has received roughly $132 million in new funding that that will help it reduce its debt by $505 million. The company said it plans to keep more than 800 of its U.S. stores open, as well as its website, which it said will “continue to operate as normal.” Hudson, Ohio-based Joann has been threading the needle for some time....

    • Quartz

    Crafts retailer Joann files for Chapter 11 bankruptcy protection

    NEW YORK (AP) — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending. In a Monday release, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this process, Joann will likely become privately-owned by certain lenders and industry parties, the company added — meaning its shares would no longer be publicly traded on stock exchanges. ...

  • Elon Musk just made his ChatGPT rival Grok open-source

    Elon Musk on Sunday shared the computer code powering his new AI company’s chatbot named Grok, the latest move in his ongoing rivalry with OpenAI and its CEO Sam Altman. Musk’s company xAI made Grok-1 an open-source AI model with a release on its website Sunday. “We are releasing the weights and architecture of our 314 billion parameter Mixture-of-Experts model, Grok-1,” the company said. Musk, the Tesla and SpaceX CEO who also owns the social media site X and was a founder of OpenAI, had...

  • The companies aren't investing in the metaverse anymore

    During the pandemic, the world learned the word for what you get when the lines between the real world and the internet blur: The metaverse. In theory, most people have wrapped their heads around the concept. But what do we do in and with this metaverse? First mentioned in Neal Stephenson’s 1992 science fiction novel Snow Crash, the metaverse is essentially an online world where you can go to school, go to work, play games, watch concerts, go shopping, and much more without ever leaving your...