NVIDIA ACQUIRES HUGGING FACE FOR $12.9B
Nvidia has agreed to acquire Hugging Face, the popular open-source AI model repository, for $12.9 billion. The deal consolidates Nvidia's control over critical infrastructure in the generative AI ecosystem.
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LAST 7DMETA SETTLES YOUTH HARM LAWSUIT FOR $16.7B
Meta Platforms agreed to pay up to $16.7 billion to settle a multistate lawsuit over alleged harms to young users on its social media platforms. The settlement includes both financial penalties and mandatory platform changes.
SALESFORCE BEATS Q2 EXPECTATIONS, STOCK SURGES
Salesforce delivered Q2 revenue of $11.35 billion, edging analyst estimates, while net income nearly doubled to $3.5 billion. The company's upbeat Q3 guidance sent shares climbing 13% in after-hours trading.
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PAGE 1/6A consortium of private equity firm Advent and payment processor Stripe has abandoned its bid to acquire PayPal Holdings Inc. The group had offered $60.50 per share, valuing the fintech giant at approximately $53 billion.
Andreessen Horowitz has raised $1.1 billion for a new 'Machine Age' fund focused on AI hardware infrastructure. The investment marks a strategic shift for the software-focused firm toward physical buildout of AI systems.
The Trump administration's EPA plans to eliminate a federal rule requiring public notice and comment periods when industrial sites, including data centers, apply for air permits. The change would let developers proceed without giving nearby residents a voice in the process.
An Anthropic researcher demonstrated automated systems that can identify and correct misaligned behaviors without compromising overall performance. The systems improved on all 10 tested benchmarks measuring specific problematic outputs.
A new survey shows more Americans oppose police use of license plate readers than support them. The finding reflects growing concerns about surveillance overreach.
Plaud has unveiled the Plaud One Explorer Edition, AI-powered earbuds that record, transcribe, and summarize conversations. The device features standalone 4G connectivity built into its charging case.
SoftBank Group Corp. is pursuing a $10 billion loan to refinance debt tied to its investment in OpenAI. The funding move comes as the Japanese conglomerate manages its exposure to the AI sector.
The Relay Q, launching next year, represents the latest push to establish voice as the primary interface for human-computer interaction, challenging the keyboard's decades-long dominance.