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Nvidia Snaps Up Hugging Face for $13B to Solidify AI Dominance

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • US markets gained as Fed rate hike odds dropped significantly following dovish remarks from Christopher Waller.
  • Simultaneously, Nvidia agreed to acquire open-source AI leader Hugging Face for $13 billion to strengthen its AI software ecosystem amid ongoing geopolitical tensions.
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BRENT price history

104.61 +64.07% over the displayed period

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