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Nvidia Buys Hugging Face for $13B to Cement AI Dominance

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The Story

News Summary

  • Nvidia agreed to acquire AI platform Hugging Face for roughly $13 billion, including a $1 billion employee retention plan.
  • Meanwhile, OpenAI launched GPT-6 Astra, and Federal Reserve Governor Christopher Waller stated that upcoming August inflation data will heavily guide the central bank's next interest rate decision.
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NVDA price history

212.08 +17.93% over the displayed period

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