Nvidia has agreed to buy Hugging Face for $12.9 billion, The Information reported Wednesday night, citing a source familiar with the matter. Business Insider, which first reported over the weekend that Hugging Face was fielding takeover interest, reported Wednesday night that the talks — which would value the company at more than $13 billion —
There’s no doubt that 2026 will go down as a milestone year for the growth in popularity of vertical media content in the U.S. The sector is booming but still incredibly diffuse. That will change as microdramas and other formats proliferate and generate more advertising, subscription and in-app purchase revenue. Those are among the conclusions
AI coding startup Cursor is now officially a part of SpaceX, according to an announcement on the Cursor blog. Elon Musk’s SpaceX — which also acquired Musk’s xAI earlier this year — announced a deal in April for the companies to develop technology together; the deal also gave SpaceX the option to acquire Cursor for
Weeks before its long-awaited acquisition by SpaceX closes, AI coding startup Cursor is making its biggest push into India yet, launching its first country-specific subscription as the company bets on one of the world’s largest developer markets to fuel its next stage of growth. On Monday, the startup introduced Cursor Start, a ₹649 a month
Paramount Skydance boss David Ellison and his father, tech billionaire Larry Ellison, were sued by a Paramount shareholder who alleged they reached an “illegal” deal with President Donald Trump to secure US government approval for the acquisition of Warner Bros. Discovery. The shareholders’ lawsuit, filed Tuesday in Delaware Court of Chancery, seeks to block Paramount’s
A group of 12 Democratic state attorneys general is suing to block Paramount Skydance’s merger with Warner Bros. Discovery, arguing that the transaction violates antitrust law by giving the combined company undue power in three markets: wide-release theatrical distribution, blockbuster movies and basic cable television. Paramount says the lawsuit “distorts established antitrust law” and that