Aug 26 (Reuters) - Nvidia has agreed to buy Hugging Face, a repository of open-source AI models, for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge
South Korean shares rose, led by chipmakers after Nvidia forecast strong AI-driven revenue growth. The KOSPI gained 1.22%, while Samsung Electronics and SK Hynix advanced. The Bank of Korea raised rates by 25 basis points to 3% and upgraded its 2026 growth fo…
By now, most investors are aware of Nvidia's (NASDAQ:NVDA) results in its second-quarter earnings report. The AI superstar topped its own ambitious guidance and Wall Street estimates, reporting 106% revenue growth to $96.2 billion, ahead of the consensus at $…
Hundreds of AI agents went rogue in OpenAI’s Hugging Face hack An independent review of the recent hack involving OpenAI models has raised fresh concerns about the limits of human control over increasingly advanced AI. An unprecedented cyberattack launched by…
Nvidia’s AI boom remains strong, but rising memory costs and growing debt are emerging as key risks. The chipmaker expects gross margins to bottom at 71–72% in Q4 FY27, while rising debt could pressure its financial condition and cash flows.
