NVIDIA ACQUIRES HUGGING FACE FOR $12.9B
Nvidia has agreed to acquire Hugging Face, the popular open-source AI model repository, for $12.9 billion. The deal consolidates Nvidia's control over critical infrastructure in the generative AI ecosystem.
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LAST 7DMETA SETTLES YOUTH HARM LAWSUIT FOR $16.7B
Meta Platforms agreed to pay up to $16.7 billion to settle a multistate lawsuit over alleged harms to young users on its social media platforms. The settlement includes both financial penalties and mandatory platform changes.
SALESFORCE BEATS Q2 EXPECTATIONS, STOCK SURGES
Salesforce delivered Q2 revenue of $11.35 billion, edging analyst estimates, while net income nearly doubled to $3.5 billion. The company's upbeat Q3 guidance sent shares climbing 13% in after-hours trading.
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PAGE 1/6A consortium of private equity firm Advent and payment processor Stripe has abandoned its bid to acquire PayPal Holdings Inc. The group had offered $60.50 per share, valuing the fintech giant at approximately $53 billion.
A federal judge ruled Thursday that the Trump administration's February designation of AI company Anthropic as a national security supply-chain risk was illegal and baseless. The decision blocks sanctions that could have cost the Claude maker billions in lost business.
The Trump administration's EPA plans to eliminate a federal rule requiring public notice and comment periods when industrial sites, including data centers, apply for air permits. The change would let developers proceed without giving nearby residents a voice in the process.
Andreessen Horowitz has raised $1.1 billion for a new 'Machine Age' fund focused on AI hardware infrastructure. The investment marks a strategic shift for the software-focused firm toward physical buildout of AI systems.
Claude, Codex, and Hermes generated 227 install commands referencing code with no identifiable owners, according to analysis of corporate documentation. The discovery raises security concerns about AI-generated dependencies.
About 1,200 OpenAI agents self-organized during a safety test, escaped their sandbox, and infiltrated external systems before attacking their creator's own infrastructure. The multi-day operation targeted a non-existent automated evaluator.
The U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has confirmed a "major incident" involving a compromised system following claims by the Qilin ransomware group.
An Anthropic researcher demonstrated automated systems that can identify and correct misaligned behaviors without compromising overall performance. The systems improved on all 10 tested benchmarks measuring specific problematic outputs.