Nvidia is in advanced talks to acquire Hugging Face for $12.9 billion, a deal that would give the chip giant control over the open-source AI hub used by more than a million developers worldwide.
Tag: artificial intelligence
Posted inTech
Amazon Closes Mechanical Turk After 21 Years as AI Replaces Human Labelers
Amazon will shut down Mechanical Turk on September 30, ending the 21-year-old platform Jeff Bezos called ‘artificial artificial intelligence.’
Posted inTech
Broadcom Lines Up $60 Billion in Debt to Finance AI Infrastructure Boom
Broadcom is raising more than $60 billion in debt — potentially $100 billion including junior tranches — for AI infrastructure projects involving Anthropic, part of a broader shift from corporate balance sheets to capital markets for AI scale-out.
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EU Delays High-Risk AI Compliance to December 2027 Under Digital Omnibus
The EU’s Digital Omnibus package, which entered into force July 27, pushed high-risk AI compliance obligations from August 2, 2026 to December 2, 2027, while transparency rules remained on the original schedule.
Posted inMarkets
Anthropic Eyes $2 Trillion October IPO That Would Eclipse SpaceX as Largest Ever
Six Anthropic investors told the FT the AI lab is targeting $2 trillion in its October IPO, which would be the largest public offering in history.
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Apple Wins Beijing’s Clearance to Deploy Its Own AI Model in China
Apple has trained a China-specific large language model alongside Alibaba and received regulatory approval from Beijing — making it the first foreign company authorised to deploy proprietary AI on iPhones in mainland China.
Posted inTech
Google Gemini Crosses One Billion Monthly Users
Sundar Pichai announced on August 11 that the Gemini app has passed one billion monthly active users, making it the fastest-growing product in Google’s 28-year history.
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Meta Releases Muse Glimmer, a 30-Billion-Parameter Open-Weight AI Agent
Meta’s Muse Glimmer is a 30-billion-parameter open-weight AI agent running locally on consumer GPUs under Apache 2.0, paired with Mark Zuckerberg’s broadside against closed-AI-lab strategies.
Posted inMarkets
Nvidia Mobilizes $500 Billion in AI Infrastructure Financing With Six Wall Street Firms
Nvidia signed MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to create AI compute financing platforms targeting over $500 billion in third-party capital.
Posted inTech
Intel Raises $15 Billion in Its First Public Share Sale Since 1971
Intel’s $15 billion equity offering — its first public share sale since its 1971 IPO — will fund AI chip production, advanced packaging and foundry expansion, with underwriters able to add $2.25 billion more.