Nvidia to Buy Hugging Face for $12.9 Billion
Nvidia in now in charge of a key distribution channel for millions of models.
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Moonshot AI Files Confidentially for Hong Kong IPO
Moonshot’s IPO filing came after the explosion of its Kimi K3 model.
Exclusive: Micro1 Pledges $1 Million AI Training to Former Spirit Employees in Bid for Airline’s Data
The startup has also promised remove the identifies and to exclude sensitive employee records
Exclusive: Meta Tells Engineers AI Token Usage Won’t Be Part Of Performance Reviews
After pushing engineers to become more ‘AI native,’ Meta is backing away from using AI metrics to grade them
Meta Unveils New AI Model in Accelerated Effort to Catch Rivals
Company says Muse Spark 1.3 delivers stronger coding and agentic performance, while using 25% fewer tokens than its predecessor.
Snowflake Raises Annual Sales Forecast as AI Coding Adoption Grows
Snowflake's business is continuing to benefit as more of its customers build applications using its AI coding tool, Cortex Code.
Broadcom Projects AI Chip Revenue to Double in 2027 and in 2028
Broadcom reported 86% growth in revenue for the quarter ending Aug. 2, thanks to growth in its business helping design AI chips for Google, Meta and OpenAI.
Exclusive: Nscale Touts $100 Billion-Plus in Contracted Revenue After Anthropic Win
The neocloud is gearing up to go public as soon as this month.
Microsoft Discloses Azure Revenue in Accounting Overhaul
Azure’s revenue was $101.9 billion in the twelve months ending in June, up 40% from the year prior.
Coinbase Adds Former xAI CFO Anthony Armstrong to Board
Anthony Armstrong also worked at DOGE as senior advisor and as a banker at Morgan Stanley.
Trump Administration Sides with OpenAI In Legal Battle with New York Times
Justice Department lawyers argue in legal brief that preventing models from being trained on copyrighted material would hurt U.S. competitiveness in AI
Uber to Cut 10% of Employees
Uber is reducing management layers and also requiring most remote workers to come to the office.
New Jersey Asks Supreme Court to Rule on Prediction Markets
New Jersey regulators filed a petition with the highest U.S. court to rule on whether sports bets offered by startups like Kalshi and Polymarket fall outside of state gambling regulations.
Google Avoids Break-Up in Ad-Tech Anti-Trust Case
A judge last year said Google was a monopoly in the market that creates technology for independent websites to sell ads
Anthropic Leader Praises President Trump’s Data Center Stance at G20 Meeting
Commerce Secretary Howard Lutnick interviewed Anthropic co-founder Tom Brown at the event on Wednesday.
Fei-Fei Li’s World Labs Unveils New World Model
World models, which simulate the physical world, are widely considered the next major frontier in AI development.
Anthropic Touts Better Performance, Lower Cost in Upgraded Top Models
Claude Fable 5.1 will also include new data privacy system and improved security safeguards
Dell Raises Sales Forecast on AI Server Demand
Continued demand for Dell's servers has driven double-digit growth in its revenue this year.
GoPro to Sell Majority Stake for $285 Million, Pivot to AI and Defense
The deal will clear GoPro's $92 million in debt as the company targets data centers and defense.
OpenAI Plans to Limit Astra’s Cybersecurity Capabilities
Astra is the first model OpenAI has said meets the Critical cybersecurity threshold under its Preparedness Framework, the company said.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy