Good morning. Nvidia will pay $12.93 billion for Hugging Face, which is generating roughly $150 million in annualized revenue. At about 86 times revenue, the price makes clear that Nvidia values Hugging Face less for the business it is today than for the strategic position it occupies at the center of open-source AI. The chipmaker
Nvidia boss Jensen Huang spent two days (July 15-16) in Tokyo courting Japan’s industrial and chip supplier elite, weeks after a keynote speech in Taiwan and months after a visit to South Korea. It left with deals that span Japan’s entire tech ecosystem: a national AI factory, partnerships with the country’s leading robotics companies, and