
AI Startup Hugging Face Secures New Funding from Google, Nvidia at $4.5B Valuation
Hugging Face provides various tools with AI code for data science hosting and development. The startup plans to use fresh funds for further expansion.
Hugging Face provides various tools with AI code for data science hosting and development. The startup plans to use fresh funds for further expansion.
The flipside to Nvidia’s triumph is the ongoing struggle of its AI competitors.
The news of Sony agreeing to acquire Audeze came to light shortly after the company announced two new wireless PlayStation audio devices.
In the face of changing dynamics for China’s tech giants, Meituan has demonstrated a commitment to strategic expansion into adjacent sectors.
Tokens related to AI all rose after Nvidia’s report, and are likely to continue reaping from institutional interest in artificial intelligence.
While the acquisition details were not mentioned in the press release, the two companies plan to combine their strengths to bolster their footprints in the industry.
Driven by the high demand for AI products, Nvidia reported a significant increase in revenue and expects exponential growth ahead.
Amid the market realities, the marketing department at Nike noted that the low patronage of Foot Locker could be weighing on the sneaker giant’s shares.
Peloton sales and subscriber growth fell in Q4 2023 as expected, due to a traditional Q4 slowdown and a recall that affected 2 million bikes.
In addition to exploring Asian and Latin American countries, Maple said the funding will help form new strategic partnerships.
AMC announced in August that it plans to issue 517 million shares of preferred stock, under the ticker symbol APE to raise more funds and counter its debts.
The CEO of Baidu disclosed that the company saw accelerated revenue and profit growth in the Q2 of 2023 due to the good performance of the online marketing business and operating leverage.
Meanwhile, investors are closely eyeing the natural gas market, where prices experienced a significant surge on Monday.
Universal Music Group Chairman and CEO stated that the music industry’s best bet for success in the face of AI was an artist-centric approach to generative AI.
In response to the initial rejection, Microsoft has introduced a new proposal that both companies have mutually accepted. The terms of this agreement have been adjusted to align with the stipulations of the UK Competition and Markets Authority.