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Update: Market Chatter: Nvidia Developing Ambitious Nemotron 4 Open-Source AI Model

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(Update with Nvidia's response to a request for comment in the last paragraph.)

Nvidia (NVDA) is developing a new in-house AI model called Nemotron 4 that it hopes will be on par in performance with the best open-source AI models in the world, The Information reported Tuesday, citing several people who work on Nemotron.

The company hopes its open-source efforts will drive demand for its hardware, the report said.

Nvidia confirmed tothat the company is developing Nemotron 4.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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