Nvidia agrees to buy Hugging Face for almost $13 billion, expanding further up AI stack
The acquisition would give Nvidia a leading AI developer platform and community, deepening its reach beyond chips into the tools layer of AI development.
CNBC
Iran strikes Kuwait as Trump says renewed Mideast hostilities will not last 'too long'
Missile and drone attacks from Iran on Kuwait escalate the regional conflict, driving oil prices to fresh six-week highs.
CNBC · +2 outlets
Oil prices hit fresh 6-week highs on renewed Middle East tensions
Renewed Iran-Kuwait hostilities push crude higher, adding to inflation and energy supply concerns.
Reuters · +14 outlets
10-year U.S. Treasury yield hits highest level since November 2023
Global bond yields surge on inflation fears, oil shocks, and high government debt issuance, raising borrowing costs worldwide.
CNBC · +5 outlets
Broadcom's outlook shows surging AI chip sales
Broadcom posted strong guidance driven by AI chip demand, though some investors wanted an even larger beat.
Barron's · +13 outlets
Trump puts tariffs of up to 100% on foreign-made drones
The new tariffs target foreign drone imports, including Chinese-made commercial and military drones, as part of trade policy escalation.
The New York Times · +14 outlets
Dell stock soars on blowout Q2 earnings and raised guidance
Dell's AI server momentum accelerated with record $60.9 billion in AI orders and a backlog hitting $95 billion.
Barron's · +1 outlets
Uber beats Waymo as first to launch robotaxis in London
Uber and AI firm Wayve launched the first self-driving taxi service in London, beating Alphabet's Waymo to the milestone.
The Verge · +1 outlets
Wall St ends higher as stocks reclaim some shine, Dow rises nearly 300 points
U.S. indexes snapped a three-day losing streak as tech stocks rallied and Treasury yields cooled from recent highs.
finance.yahoo · +11 outlets
HPE lifts sales forecast on AI demand for servers, networking
Hewlett Packard Enterprise raised its outlook after strong quarterly results boosted by AI infrastructure demand and an Oracle data center deal.
Bloomberg.com · +14 outlets
Tesla teases 'no steering wheel, no pedals' ahead of long-awaited Cybercab update
Tesla fans await the Cybercab event in Austin, where Elon Musk is expected to provide an update on the purpose-built robotaxi nearly two years after its unveili
CNBC · +12 outlets
Private payrolls rose by 38,000 in August, less than expected, ADP reports
The weaker-than-expected ADP data signals a cooling labor market ahead of the official jobs report.
CNBC
Fed's Williams: Case for a rate hike isn't yet firm
Markets continue to price in a potential September rate hike, but Fed officials remain divided on the need for tightening.
WSJ · +2 outlets
Snowflake Q2 2027 earnings beat, revenue forecast raised
Snowflake beat expectations and raised guidance as analysts cite continued benefits from the AI revolution for the data cloud company.
finance.yahoo · +6 outlets
Microsoft to start disclosing Azure quarterly revenue as company consolidates business units
Microsoft will report Azure revenue in dollars for the first time, boosting transparency around its cloud business competing with AWS.
CNBC · +6 outlets
Uber lays off 10% of its workforce in biggest cut since 2020
Uber is cutting about 3,000 jobs to move 'simpler and faster' as it focuses on profitability.
Los Angeles Times · +14 outlets
Google spared break-up of online advertising monopoly
A judge ruled Google will not be broken up over its ad tech monopoly but must change some business practices.
msn
Anthropic's distillation battle turns to the dark web as China concerns swell
Foreign adversaries are illegally accessing American AI systems to train copycat models and selling them at lower prices.
CNBC