Nscale, a British AI infrastructure company, is in talks for pre-IPO financing ahead of a potential public listing as early as later this month. It is seeking $3.5 billion total, including $1.5 billion in convertible notes and an additional $2 billion from Nvidia. If the funding closes, it would bolster the company’s balance sheet for the planned IPO and continue expanding its AI compute business.
Apple’s John Ternus took over as CEO after Tim Cook stepped down, with Ternus immediately signaling a “huge launch next week.” The transition comes just in time for Apple’s next iPhone event, before he has settled into the role. The leadership shift refocuses shareholder expectations on how Ternus can deliver progress in this AI-driven software era, while Cook stays on as executive chairman for policy relationships.
Nvidia agreed to acquire Hugging Face, a hub for open-source AI models, after more than a week of rumors. The deal is valued at about $12.9 billion. The acquisition is expected to strengthen Nvidia’s position in the open-model ecosystem—while AI security firms like CrowdStrike step up AI-focused defenses for the growing model supply.
Nvidia agreed to acquire Hugging Face as OpenAI released GPT-6 Astra. The Nvidia deal is valued at $12.9 billion. Nvidia’s acquisition shifts Hugging Face toward Nvidia-backed open-weight distribution while OpenAI’s Astra narrows availability to enterprise customers before broader rollout.
Thinking Machines is negotiating a $1 billion funding round at a valuation of at least $40 billion, according to The Information. Nvidia is in discussions about joining the round, on top of Accel leading. The company’s valuation target has dropped from earlier $50 billion talks and it now rests more on its shipped open-weight model Inkling and compute partnerships than on past leadership pedigree.
Nscale signed a multi-year AI cloud agreement with humanoid robotics company Figure and also took an undisclosed equity stake. The deal commits at least $3.5 billion in AI cloud compute, with capacity to scale past $6 billion, and targets initial systems for the second half of 2027. Figure gains priority compute and orchestration support from Nscale for its robotics training and models, while the partnership expands Figure’s ability to run large-scale training needed for robot shifts.
Nvidia introduced Personal AI Router (PAIR), a local distributed clustering tool that lets people use idle home PCs and Macs to run agentic AI subtasks across multiple machines. Nvidia said the client is available in beta for macOS, Windows, and Linux. PAIR sets up automatic proxy connections to tools like LM Studio and Ollama, discovers devices via mDNS/IP, dynamically redistributes subtasks when nodes become unavailable, and returns results to the main node for faster task completion.
Nvidia agreed to acquire Hugging Face, the open-source AI platform founded in 2016. The purchase price is $12,930,300,000 (about $13B). This turns Hugging Face’s ownership into Nvidia’s while Nvidia says Hugging Face will remain an open platform, sparking debate over whether developers will increasingly favor Nvidia hardware.
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