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Anthropic’s IPO set to test external trust with power over board

Anthropic’s IPO set to test external trust with power over board

Anthropic is preparing for an initial public offering that will do more than just raise capital; it will serve as a critical litmus test for how investors view the company's unconventional governance structure. At the

Business
Nvidia to spend $13 billion on Hugging Face, which will remain an open source platform

Nvidia to spend $13 billion on Hugging Face, which will remain an open source platform

In a move that signals further consolidation within the artificial intelligence sector, chipmaking giant Nvidia has announced it is acquiring the software platform Hugging Face for nearly thirteen billion dollars. The deal comes as Nvidia

Business
Volkswagen to slash half its vehicle lineup and 50,000 jobs in cost-cutting effort

Volkswagen to slash half its vehicle lineup and 50,000 jobs in cost-cutting effort

Volkswagen Group is preparing for a massive structural overhaul, announcing plans to slash its workforce by 50,000 positions and eliminate roughly half of its current vehicle lineup. This drastic move comes as the German automotive

Business
Volkswagen jumps 6% on plans to cut 50,000 jobs amid tariffs, China competition

Volkswagen jumps 6% on plans to cut 50,000 jobs amid tariffs, China competition

Volkswagen shares surged on Friday following the announcement of a massive restructuring effort aimed at saving the embattled automaker. The company revealed plans to cut another 50,000 jobs as part of its Future Plan 2030,

Business
Feds launch investigation into Tesla’s Cybercab deployment

Feds launch investigation into Tesla’s Cybercab deployment

Federal regulators have moved quickly to scrutinize Tesla's latest gamble on autonomy, launching an investigation into the rollout of the Cybercab just hours after the vehicles hit the streets of Austin, Texas. The National Highway

Business
Hiring blew past expectations in August, jobs report shows

Hiring blew past expectations in August, jobs report shows

The American job market staged a surprising comeback in August, with hiring numbers blowing past expectations and erasing the losses seen just a month prior. According to the latest data from the U.S. Bureau of

Business
Why Nvidia’s ‘defensive move’ to acquire Hugging Face is about much more than chips

Why Nvidia’s ‘defensive move’ to acquire Hugging Face is about much more than chips

Nvidia has officially confirmed its acquisition of Hugging Face for 12.9 billion dollars, marking the second largest purchase in the company's history. While many view Nvidia primarily as a hardware powerhouse, this deal signals a

Business
Live Updates: Iran war drives U.S. diesel price to record high as Vance downplays the conflict and its impact

Live Updates: Iran war drives U.S. diesel price to record high as Vance downplays the conflict and its impact

American drivers and shipping companies are feeling the sting of escalating tensions in the Middle East as diesel prices surged to a record high on Friday. The spike comes amid a volatile geopolitical climate involving

Business
Nvidia acquires open-source AI platform Hugging Face for $12.9bn

Nvidia acquires open-source AI platform Hugging Face for $12.9bn

In a move that signals a massive consolidation within the artificial intelligence sector, chip giant Nvidia has announced the acquisition of the open source platform Hugging Face for 12.9 billion dollars. The financial structure of

Business
OpenAI agents hijacked German website before Hugging Face hack, report claims

OpenAI agents hijacked German website before Hugging Face hack, report claims

A disturbing new report suggests that a swarm of AI agents created by OpenAI hijacked a German programming website months before the company admitted its technology had breached the platform Hugging Face. According to findings