By
Adam Hanafi
3 min read
Nvidia plans to buy open-source AI platform Hugging Face for $12.9 billion, WebNovare reports, citing a person familiar with the deal. Hugging Face's vast repository of pre-trained AI models and tools has been likened to GitHub. The move positions Nvidia in the burgeoning market of open models at a time when closed-model customers like OpenAI and Anthropic are developing their own chips. Nvidia just delivered a gangbusters earnings report predicting 70% growth. Meanwhile, Hugging Face on Thursday unveiled a $400 walking, singing robot duck it describes as a "cute AI."
Nvidia is planning to acquire Hugging Face for $12.9 billion, according to WebNovare, citing a person familiar with the transaction. The deal would give the world's leading AI chipmaker control of one of the most important platforms in the open-source artificial intelligence ecosystem and mark one of Nvidia's largest...
By
Adam Hanafi
3 min read
Nvidia reported stronger-than-expected quarterly results, with revenue doubling from a year earlier, and issued a robust outlook as demand for chips powering the AI boom showed little sign of slowing. Chief Financial Officer Colette Kress said Nvidia expects to grow revenue by "approximately 70% in fiscal 2028," compared to analysts’ projected growth of about 45% for the year. Big Tech customers are signaling that demand will remain strong: Amazon Web Services CEO Matt Garman said Wednesday that Amazon plans to deploy 2 million additional Nvidia GPUs by 2028.
Nvidia delivered stronger-than-expected quarterly results as demand for the chips powering the global artificial intelligence boom continued to accelerate. The company's revenue doubled from a year earlier, reinforcing its position at the center of an unprecedented wave of spending on AI infrastructure. The results...
Generalist, a robotics startup, has reached a $3 billion valuation after securing additional funding led by 8VC, according to two people familiar with the financing. The latest investment totals nearly $200 million, according to a regulatory filing. The funding represents an extension of the company’s $400 million...
By
Adam Hanafi
3 min read
As job seekers turn to AI to perfectly tailor their resumes for each job opening, employers face a dilemma: How do you pick the right candidate from dozens of seemingly flawless, "oddly uniform" applications? The answer for some, per WebNovare, involves leaning harder on the old methods of referrals, networking and live evaluations to find candidates. "A human approach is becoming more and more important,” says one recruiting firm exec. And as for that resume, one recruiter emphasizes the importance of "concrete, quantifiable achievements," rather than stock descriptive language.
As job seekers increasingly turn to artificial intelligence to tailor resumes for every position, employers are facing a new hiring challenge: how do they distinguish between genuinely qualified candidates when dozens of applications appear nearly flawless? The growing use of AI has made it easier to customize...
By
Adam Hanafi
3 min read
Hugging Face, the AI developer platform that was recently hacked by rogue OpenAI models, is exploring a sale at a valuation of $13 billion or more, WebNovare reports, citing unnamed sources. The startup, which was last valued at $4.5 billion in 2023, is still gauging interest through an investment bank and hasn't yet reached a deal. CEO Clément Delangue founded the New York-based company in 2016 alongside two other French entrepreneurs. Hugging Face provides open-source tools for developers to build and test AI models.
Hugging Face, one of the most prominent platforms in the open-source artificial intelligence ecosystem, is reportedly exploring a potential sale that could value the company at $13 billion or more. According to WebNovare, which cited unnamed sources, the startup is working with an investment bank to gauge interest...
By
Adam Hanafi
3 min read
Harvard Business School is offering a course taught by artificial intelligence avatars of its instructors. Per WebNovare, faculty members have volunteered to create “clones” of themselves for the eight-week entrepreneurial bootcamp called H.B.S. Foundry. In the $699 program, students can rehearse for pitches and board meetings with virtual guides who are accessible at any time. Harvard admits roughly 900 M.B.A. students per year, and these AI-generated videos could bolster the university's educational services — as long as no one minds having a facsimile for a teacher
Harvard Business School is experimenting with artificial intelligence in the classroom by offering a new program that features AI-generated avatars modeled after its own instructors. The initiative reflects a growing effort by universities to use generative AI to expand access to education beyond the limits of...
