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Shares of Nvidia, the leading maker of AI chips, dipped more than 1% in late trading after Bloomberg reported on the plan.

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Nvidia intends to accelerate autonomous vehicle and humanoid robot development with its latest advancement.

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Hippocratic AI notched a valuation of $1.64 billion after its latest fund raise led by Kleiner Perkins, the VC firm that backed Google, Amazon , and Genentech as AI funding thrives.