Nvidia’s Hugging Face Acquisition Is a $12.9 Billion Bet on Open-Source AI
The long-rumored deal will give the chip giant access to—and help it promote—a huge repository of open-source AI models and data sets.
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The long-rumored deal will give the chip giant access to—and help it promote—a huge repository of open-source AI models and data sets.
The acquisition also leaves Sequoia-backed Serval as the de facto startup leader in AI IT service automation, industry watchers believe.
This is Adobe's second acquisition out of India after Rephrase.ai in 2023
Swiggy developed an in house predicted lifetime value model using more than 350 pre order features and a multi task MLP for Food and Instamart. Adding order count as an auxiliary task reduced model parameters by 63% while improving predictive performance. The pLTV signal is used with Google Target ROAS bidding to optimize customer acquisition. By Leela Kumili
GoPro is merging with a company that builds AI infrastructure, and will continue supporting existing consumer products.
Nvidia is nabbing critical infrastructure for open models as interest grows.
Joby Aviation reached an agreement to acquire Resonant Sciences, which will kick off its new defense business.
At its peak in 2021, Airtable was valued at over $11 billion, but earlier this year, its shares were said to be trading on the secondary markets at a valuation of $4 billion.
SoundCloud has acquired decentralized music platform Nina Protocol, months after the startup announced it would shut down. The deal brings Nina’s artists, editorial archive, and music discovery tools to SoundCloud as the company continues expanding its platform for independent musicians.
Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion. Reuters reports that the offer was submitted earlier this month and is backed by roughly $50 billion in committed bank financing. Under the proposal, Stripe and Advent would jointly own PayPal, […]
The states allege that the deal would harm movie theaters, basic cable distributors, and audiences.
Bending Spoons remains largely unknown, even as its portfolio of products has served more than a billion people.
Adobe said that it will integrate Topaz Labs' tools across its apps.
The deal is supposed to help SpaceX's struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI.
Fox plans to take over Roku's streaming hardware, OS, and FAST services.
Netflix's response: "Absurd."
Asana will incorporate StackAI into its growing suite of AI workflow tools.