Nvidia logged another record quarter, with Q3 revenue of $18.12 billion, up 206 percent from a year ago and a 34 percent increase from Q2 that exceeded both its own and analyst projections. The surge, attributed to increasing demand for the chips that drive artificial intelligence, logged primarily under Nvidia’s data center results a record $14.51 billion, up 279 percent from the prior year and 41 percent from Q2. Profits swelled to $9.2 billion, a stunning 1,259 percent increase from 2022’s $680 million. The results for Nvidia’s Q3 were for the three-month period ending October 31. Read more

Stability AI has opened research preview on its first foundation model for generative video, Stable Video Diffusion, offering text-to-video and image-to-video. Based on the company’s Stable Diffusion text-to-image model, the new open-source model generates video by animating existing still frames, including “multi-view synthesis.” While the company plans to enhance and extend the model’s capabilities, it currently comes in two versions: SVD, which transforms stills into 576×1024 videos of 14 frames, and SVD-XT that generates up to 24 frames — each at between three and 30 frames per second. Read more

The Hisense 110UX TV, a 110-inch diagonal screen said to have 10,000 nits of peak brightness — five times greater than that of the best OLEDs — will make its official debut at the 2024 Consumer Electronics Show in Las Vegas. With more than 40,000 backlight zones for local dimming and high levels of color volume, Hisense says it achieves 95 percent of the BT.2020 color palette, or about 20 percent better than the top OLEDs. Developed on Hisense’s ULED X platform, the preview photo showed it on a console-style stand that appeared to house its own audio system. Read more

Just four days after being pushed out by the OpenAI board, Sam Altman will be reinstated as CEO of the company he co-founded. His return as chief executive was announced in a series of online posts. In addition, most of the company’s board members will be replaced. Following Altman’s firing, Microsoft CEO Satya Nadella had announced Altman would lead a new advanced AI research team to run independently within Microsoft. However, hundreds of OpenAI employees, including co-founder and board member Ilya Sutskever, continued to push for Altman’s return, threatening to quit if he was not reinstated. Read more

Music tech studio CreateSafe has officially launched its generative AI-powered platform Triniti in open beta. Triniti lets artists create AI voice clones, generate text-to-audio samples, get assistance monetizing and managing music IP or interact with a chatbot on industry-specific music questions. The company has raised $4.6 million in a seed round led by cryptocurrency and blockchain investment firm Polychain Capital to further develop Triniti. Crush Ventures, hip hop music manager Anthony Saleh, and Paris Hilton’s 11:11 Media also participated in the funding round. Read more