Nvidia has been in talks to acquire Hugging Face, the popular AI platform for sharing and building with open-source models, in what could be one of the chip giant’s biggest deals yet. The two parties have had acquisition conversations in recent weeks about a deal that would value Hugging Face at more than $13 billion,
Nvidia jolted investors on Wednesday with a projection that its revenue would skyrocket by 70% next fiscal year and said demand for its AI chips is growing at 100%, prompting an after-hours stock rally. The 70% preliminary expectation wildly exceeded projections for fiscal 2028 revenue of roughly $570 billion, or 44% growth from fiscal 2027
Jensen Huang is feeling spendy. In the span of a few weeks, the Nvidia CEO has committed billions to deals and investments — with more potentially right around the corner. The spending spree shows how far Nvidia is expanding beyond chips and raises a bigger question: how much of the AI ecosystem does it want
More cities are walking away from collaborations with Flock. Tempe, Arizona, said on Wednesday that it shut down its network of Flock Safety license plate readers and plans to terminate its contract with the surveillance company, citing privacy risks and cases of alleged misuse reported by other cities. The city said that it would not
Nvidia’s predicting it will pull in $108 billion in revenue within just a few months. It wouldn’t be the first company to rake in over $100 billion in quarterly revenue — Amazon, Apple, and Alphabet have repeatedly reached the milestone. Nvidia said in its latest earnings report that it brought in a record $96.2 billion
Meta is not actually committing to pay the $17.1 billion figure attached to this week’s child safety settlement, at least not on its own. California Attorney General Rob Bonta, whose office led the case, put the settlement at “up to $17 billion,” saying Meta “must make massive transformations that will reduce the risk of harm
