Nvidia is buying Hugging Face for $12.9 billion
CNBC and Fortune reported on August 27 that Nvidia is in advanced talks to acquire Hugging Face, the hub of open-source AI, for around $12.9 billion.
Aug. 24-30, 2026
Monday to Sunday, Istanbul time. Stories are grouped by the date of the event or announcement.
Stories this week
Meta settled the child safety case for $17 billion
Meta settled the lawsuit brought by 29 states on August 26. The payment runs up to $17 billion, spread over ten years.
Anthropic just committed $45 billion more to compute
Anthropic will pay UK-based Nscale roughly $45 billion over six years to rent 460 megawatts of compute at the Monarch campus in West Virginia.