Lambda secured $1 billion in private, short-dated debt to buy Nvidia AI chips it will lease to Microsoft. The financing is $1 billion and was reported on August 28, 2026. Lambda says the added GPU purchases let it deploy chips quickly to start revenue sooner and repay the debt, continuing its pattern of borrowing to fund customer-specific AI infrastructure.
Nvidia agreed to pay $12.9 billion for Hugging Face, according to The Information’s report. The deal price is $12.9 billion. Developers will continue using open-model downloads that typically run on Nvidia’s CUDA/software stack, making Nvidia’s platform a tighter dependency even as competitors offer alternative chips and model APIs.
Nvidia and Salesforce earnings drove a week of AI- and enterprise-tech momentum while Nvidia signaled continued capacity limits and investors bid Nvidia shares up alongside Salesforce’s jump.
Modders used leaked code from Nvidia’s DLSS 5 “Neural Rendering” to apply AI upscaling effects in games including Skyrim, Cyberpunk 2077, GTA V, and Control. The code appeared in an early-access build of NBA 2K27. As a result, Control’s character facial details can be more or less defined by adjusting the modded DLSS 5 settings, and the effect spreads to additional games.
South Korea’s Ministry of Science and ICT selected three consortia led by SK Telecom, KT, and Kakao to deliver free “AI for All” services to the entire population. The state will supply 512 Nvidia B200 GPUs in total for the three operators, with contracts to be signed next month and a full launch planned for later this year. The services are designed to be preinstalled across phones, messaging, and public-administration workflows with no token limits, and at least half of each system must run on domestic models while operators can monetize beyond the permanently free essential functions.
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