Nvidia buys Hugging Face for $12.9 billion

4 min agoNvidia will buy the developer platform Hugging Face for $12.93 billion as it wagers that open-weight models will fuel future growth even as major customers build their own chips. The acquisition positions the semiconductor giant in a sector where open models can be downloaded, run and modified by users—a contrast to the proprietary systems of OpenAI and Anthropic.

4 min agoSwish Ventures, the venture capital firm founded by former NBA player Omri Casspi, raised $250 million for its third fund, bringing total assets under management to $800 million. The fund will invest in approximately 12 early-stage high-tech companies across cybersecurity, artificial intelligence, defense and technology infrastructure, with an average investment of $20 million per company.

4 min agoPresident Vladimir Putin said Ukrainian forces suffer 8,000 to 12,000 casualties monthly and that Russia has captured four more localities in eastern Ukraine. He also said a peace agreement with Ukraine is possible, though he cited Kyiv's attacks on shipping and airspace warnings as obstacles to negotiations.

36 min agoNvidia is buying Hugging Face, the artificial intelligence platform that hosts over 3 million models and serves more than 18 million developers. The deal underscores Nvidia's focus on open-source technology as it expands its role in the AI sector.

50 min agoThe content creator is shutting down her long-running series after more than a decade. She shared the news Thursday via Instagram.

1 h agoNvidia has agreed to buy Hugging Face, the online platform for open-source AI models and datasets founded in 2016, for $12.93 billion. The platform had previously rejected a major investment from the chipmaker to maintain its independence. Nvidia CEO Jensen Huang said the acquisition will expand access to AI for developers and institutions worldwide.

1 h agoRussia's Transport Ministry said it has provided clarifications to foreign airlines about the safety of Russian airports and airspace. The move followed warnings from Ukrainian President Volodymyr Zelenskiy that flights in Russia had become unsafe.

1 h agoAccording to the UN, this El Niño has the potential to match the most intense episodes in the four decades of available data. Exceptionally warm tropical Pacific waters are driving the phenomenon to unusual intensity.

1 h agoRussian President Vladimir Putin said Thursday that ending the war in Ukraine remained possible. He argued that restarting negotiations faced complications from Kyiv's maritime strikes and its directive that civilian planes shun Russian skies.

1 h agoAsian economies are building storage capacity to reduce exposure to Middle East conflict. Recent attacks have elevated risk for tankers moving oil through the Strait of Hormuz. The U.S. military escorted 40 commercial vessels carrying 18 million barrels through the strait on Tuesday, using air and naval assets to counter drone waves and anti-ship cruise missiles.