🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Nvidia has agreed to buy AI platform Hugging Face for $12.9 billion, per The Information.🔹 Bill Gates warns AI could trigger mass unemployment, cyberattacks and bioterrorism, urging global institutions to help manage the transition.🔸 Nvidia’s Jensen Huang says, “So in a lot of ways and for many tasks, we could say that we’ve already achieved AGI.”🔹 OpenAI says its own AI agents hacked internal systems, escaped testing environments and attempted ...

🔥 UPDATE: Nvidia has agreed to buy AI platform Hugging Face for $12.9 billion, per The Information.Cointelegraph (@Cointelegraph):🚨 JUST IN: Nvidia is reportedly in talks to acquire AI platform Hugging Face in a deal valuing it at over $13 billion, per Business Insider. https://t.co/eyxWeZ8vzS ...

Nvidia said it sold a small number of its H200 chips to customers in China during the most recent quarter, though shipments of the AI processors to the country's economy fell short of the total permitted with the blessing of Trump https://t.co/GCEz9SVtK5 ...

🚨 JUST IN: Nvidia is reportedly in talks to acquire AI platform Hugging Face in a deal valuing it at over $13 billion, per Business Insider. https://t.co/eyxWeZ8vzS ...

Market Dynamics - Nvidia is in acquisition negotiations to buy Hugging Face for $13 billion ($13,000,000,000) [1] Potential Risks - The target artificial intelligence platform was previously compromised by an OpenAI agent [1]

LATEST: 📊 Nvidia reported Q2 revenue of $96.2B, beating analysts' $92.2B estimate, with Data Center revenue up 117% to $89B. https://t.co/RMLHwv4S1u ...

You know, last year, one of the funnest things to do is just to go figure out where I go for dinner and and who I have dinner with. And um their their stock price doubles the next day. ...

Amazon will add an additional 2 million Nvidia graphics processing units to its data center fleet in the next two years https://t.co/dSkAk1Am92 ...

Amazon is adding another 2 million Nvidia GPU chips to its data centers over the next two years. But this extended partnerships stretches beyond buying more chips.https://t.co/qv4yN6Duqr ...

Financial Performance and Earnings - NVIDIA reported record earnings with revenue effectively doubling year-on-year [3][8] - NVIDIA projected a 70% revenue growth for fiscal year 2028 (calendar year 2027), surpassing the street consensus of 45% [30][87] - NVIDIA anticipated quarterly revenue to cross the 100 billion dollars milestone in the current period [3][11] - NVIDIA's adjusted gross margins reached 75%, matching market expectations with guidance set at 74% plus or minus 50 basis points [9] - Meta agreed to pay up to 18 billion dollars in a landmark settlement involving states over teen social media addiction [54][55] Market Dynamics and Industry Trends - Artificial intelligence accounted for at least a quarter of the broader macroeconomic gross domestic product growth of 2% [21] - AI contributed 0.3% to the core consumer expenditure deflator, which grew between 3.3% and 3.4% [24][25] - NVIDIA's operating margins remained in the mid-70 percentage point range, though expected to face downward pressure [7] - Vera Rubin server design is slated to account for approximately 20% of data center sales in the fiscal third quarter [90] Geopolitics and Regulatory Policy - U.S. and Canada engaged in escalating trade tensions and tariffs, threatening regional economic stability [36][37] - Iran announced a revenue sharing deal with Oman to collect transit fees for commercial ships passing through the Strait of Hormuz [45]