Nvidia Agrees to Acquire Hugging Face in $12.9 Billion Deal
Nvidia has agreed to acquire AI platform Hugging Face for $12.9 billion, expanding beyond chips into open-source AI software and developer infrastructure.
Nvidia has agreed to acquire AI platform Hugging Face for $12.9 billion, expanding beyond chips into open-source AI software and developer infrastructure.
Nvidia reported record quarterly revenue of $96.2 billion, beating expectations as AI demand remained exceptionally strong and its next-generation Vera Rubin chips entered mass production.
Anthropic is expected to tell investors ahead of its IPO that its total addressable market exceeds $30 trillion, supporting its planned $2 trillion valuation.
Nvidia has struck a $6 billion agreement with AI startup Poolside to develop a powerful open-source AI model capable of competing with leading Chinese and U.S. systems.
Binance has launched Agent OS, allowing AI agents such as ChatGPT, Claude Code, and Cursor to execute cryptocurrency trades on behalf of users.
Take-Two Interactive lost roughly $2.8 billion in market value after reports of new GTA VI leaks fueled investor concerns ahead of the game’s release.
Nvidia is reportedly considering an investment in AI data startup Mercor at a $20 billion valuation as demand for high-quality training data continues to accelerate.
A new AI-themed bar in Beijing is giving customers free DeepSeek tokens instead of Wi-Fi, reflecting China’s rapidly growing enthusiasm for artificial intelligence.
Gold, silver, Bitcoin, and Ethereum added roughly $1.2 trillion in combined market value after the U.S. Treasury expanded long-end bond buyback operations, pushing Treasury yields lower.
AI video startup Higgsfield has raised $400 million in Series B funding at a $5.4 billion valuation, with model and entrepreneur Natalia Vodianova joining the investor group.
Moderna and Merck reported the first successful Phase III trial of a personalized mRNA cancer vaccine, sending Moderna shares sharply higher.
Unitree Robotics shares surged more than 500% on their Shanghai trading debut, briefly valuing the humanoid robot maker at around $50 billion.
Anthropic is reportedly considering issuing supervoting shares to its founders ahead of its expected IPO, helping preserve their control as the AI company prepares to go public.
QuantumLight, the venture capital firm founded by Revolut CEO Nik Storonsky, has raised $500 million for its second fund, doubling the size of its debut vehicle.
Anthropic generated more quarterly revenue than OpenAI for the first time, while OpenAI paused a major AI model training run over growing cybersecurity concerns.