Nvidia Agrees to Buy Hugging Face For $12.9 Billion
Nvidia is making a big play to shepherd the open-source AI movement as a counterweight to Anthropic.
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Recent Editions
SoftBank Explores Buying Majority Stake in 1X Humanoid Maker
The robotics startup fell short of raising a hoped-for $1 billion.
Hundreds of OpenAI Agents Attacked Hugging Face, Independent Investigation Finds
Agents “sacrificed” themselves to benefit the collective and sought to conceal their cheating.
Four-month-old AI Assistant Startup Instinct Raises at a $2.5 Billion Valuation
The startup, which launched its product only a few months ago, has drawn significant buzz in Silicon Valley
Nvidia Says Revenue Rose 106% in July Quarter and Projected Strong Growth Next Year
Nvidia also disclosed $99 billion in equity investments.
Salesforce Stock Jumps as Company Lifts Annual Revenue Guidance
Salesforce lifted its annual revenue forecast to as high as $46.4 billion from $46.2 billion.
Datadog Shares Jump 5% on Report That Palo Alto Networks Previously Explored an Acquisition
Behind Arora’s dealmaking is his conviction that AI will fundamentally change how companies protect IT systems against cyber threats.
Meta Reaches Up To $18 Billion Settlement Over Child-Harm Claims
Agreement with attorneys general from 52 states and territories also requires the company to change its platforms to make them safer for kids
Chinese AI Firm MiniMax’s ARR Jumps to $800 Million
The bulk of MiniMax’s revenue now comes from enterprise customers paying for the company’s AI video model and large language models.
Bill Gates Warns that AI Will Cause Mass Unemployment Without Intervention
It was a stark warning from Gates, whose views on generative AI have changed dramatically in recent years.
DeepSeek’s Revenue Reaches $70 Million as of July, Tenfold Jump from 2025
DeepSeek’s revenue growth could give a boost to its funding talks and a potential initial public offering down the line.
OpenAI Says Its Jalapeño AI Chip Is Better Than Nvidia’s Blackwell
OpenAI is one of the biggest drivers of demand for AI compute, and is trying to get server chips from anywhere and everywhere—now including itself.
Exclusive: Second OpenAI Sales Exec to Return to Salesforce
Peter Doolan, the former chief customer officer of Slack, had joined OpenAI in April.
SpaceX Announces $100 Billion Starship Launch Site in Louisiana
The site will allow SpaceX to expand its launch facilities outside of Texas and Florida.
Citadel Securities, DTCC Partner LayerZero Launches New Exchange
The new exchange, called ATLAS, will target financial institutions that are looking to trade assets on blockchain.
Exclusive: Hugging Face Annualized Revenue Jumps 50% to $150 Million
The decade-old startup is nearing a deal to sell itself.
Alabama Starts Probe Into OpenAI Over Hugging Face Hack
Investigation follows letter to the company from 15 state attorneys general about the incident
Nvidia Announces New Customers For Vera CPU, Groq LPX Racks
The customers are SpaceX and Nebius, two of Nvidia’s biggest customers and closest partners.
Shein Expects IPO Valuation of $26 Billion
That decline reflects how Shein has been buffeted by the end of the 'de minimis' rule in the U.S., which allowed Americans to buy items without paying an import duty.
Nvidia to Raise Flagship AI Chip Prices 17%, Server Makers Say
This is more bad news for data center developers.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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