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Nvidia Agrees to Buy Hugging Face for $12.9B

Nvidia has agreed to acquire Hugging Face, the open-source AI model repository, for $12.9 billion, according to The Information . The deal, confirmed by multiple outlets, would give Nvidia control of the central hub where developers share…

1mo ago·FundingUPDATED29 INDEPENDENT OUTLETS

Alibaba Raises $10.2B in Record Share Placement, All Proceeds for AI

Alibaba Group Holding priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.2 billion) in what the South China Morning Post described as a record Hong Kong secondary stock sale . The…

1mo ago·FundingUPDATED8 INDEPENDENT OUTLETS

UK Secures Access to Ukraine's Avengers AI Lab Battlefield Data

Britain has become the first foreign nation to gain access to Ukrainian combat data used to train AI models to identify and strike Russian targets, under a new AI partnership between London and Kyiv . The deal grants Britain access to…

1mo ago·PolicyUPDATED5 INDEPENDENT OUTLETS