According to sources, Anthropic has decided to abandon its acquisition of AI startup Decart AI, despite prior due diligence. The two companies may still seek other collaboration opportunities. Representatives from both Anthropic and Decart declined to comment.
AI compute scheduling company Gimlet Labs announced a $300 million investment, valuing the company at $3 billion. This investment indicates continued capital market interest in startups in the AI infrastructure space.
Gimlet Labs announced a $300 million Series B funding round, bringing its valuation to $3 billion and total funding to $392 million. The round was led by Andreessen Horowitz with participation from Sapphire Ventures and others. The company is building the industry's first multi-silicon inference cloud for agentic AI.
Nvidia announced a $12.9 billion acquisition of AI model platform Hugging Face, pledging not to lock down its compute resources. The move aims to expand Nvidia's influence in the AI ecosystem while alleviating concerns about its monopoly on compute.
The article points out that Corvex (MOVE) raised only $33 million through a PIPE, but the company claims it needs $150 million to buy GPUs, implying a severe funding shortfall for its AI strategy. This highlights the funding gap faced by smaller AI companies.
Nvidia's equity investments surged more than 13-fold to $99 billion in the year ending July 26, making it one of the largest backers of tech companies globally. This move shows Nvidia is increasingly leveraging its massive capital reserves to strengthen its influence in the AI industry.
AI startup Gimlet has completed a $300 million funding round led by Andreessen Horowitz, valuing the company at $3 billion.
Robot data startup XDOF is in talks for a Series B at a $1.2B valuation just three months after exiting stealth. The rapid fundraising indicates strong investor interest in AI-driven robotics.
Nscale, which recently struck a $45 billion deal with Anthropic, is in talks to raise additional funds in anticipation of an upcoming IPO.
Nvidia announced the acquisition of AI model platform Hugging Face for $12.9 billion, seen as a move to gain developer ecosystem and trust rather than direct revenue. The deal highlights Nvidia's strategy to expand beyond hardware into software and platform influence.
According to Business Insider, Nvidia has built an equity portfolio of nearly $100 billion in just two years by investing in other tech companies. As of July 26, Nvidia held $99 billion in equity investments, with about $48 billion in public stocks and $48 billion in private companies. The portfolio grew 14-fold in a year, making Nvidia one of the world's largest tech investors.
Ultrahuman raised $70 million in funding with participation from Qualcomm, to enhance computing power for smart rings. This shows AI technology is penetrating the wearables sector.
Data center developer Crusoe reportedly raised $3 billion at a $30 billion valuation, following a reported $13 billion contract with Jane Street.
Nvidia announced the acquisition of open-source AI platform Hugging Face for $12.9303 billion. Huang Renxun explained that the acquisition aims to expand the open AI ecosystem, not to lock it in. Hugging Face has over 18 million developers and 3 million models, and Nvidia promises to maintain its open nature.
This morning briefing covers several AI-related stories: Nvidia acquires Hugging Face for $12.93 billion, pledging to keep the platform open; former DeepSeek researcher Wei Haoran becomes head of Baidu's ERNIE multimodal algorithms; Tesla's Cybercab debuts today, with its Texas registered fleet growing to 45 vehicles. Additionally, major AI services worldwide experienced a collective outage, and GPT-6 Astra was officially released.
Deutsche Bank's FX strategy team released a report linking the AI capital boom, asset tokenization, and the dollar's future. It argues the US is attracting foreign private capital via blockchain rails to fund its AI buildout and deficits, with AI venture funding topping $400bn in 2026, running at three times last year's pace, with over 90% of the biggest deals in the US.
Accel is reportedly in talks to lead a $1B funding round for Thinking Machines at a $40B valuation. The high-profile startup has an annual revenue run rate of over $100 million.
Nvidia has reportedly acquired AI model platform Hugging Face for $12.93 billion, marking its expansion from chips to model distribution. This deal is one of the largest M&A in the AI industry and could reshape the competitive landscape of the AI ecosystem.
Nvidia is reported to acquire AI model platform Hugging Face for billions of dollars, seen as a move to expand its dominance in AI computing and potentially accelerate enterprise AI adoption. The deal reflects active M&A in the AI industry and continued investment by big tech in AI infrastructure.
Nvidia announced the acquisition of Hugging Face, a leading platform for AI models and datasets often dubbed 'the GitHub of AI,' for $13 billion. Nvidia stated that Hugging Face will remain open even after the acquisition. This move is a major step in Nvidia's expansion into the AI software ecosystem, potentially strengthening its dominance in both hardware and software.