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Nvidia acquires Hugging Face for $12.9B, triples valuation

A massive wave of multi-billion dollar investments is flooding into AI infrastructure, underscored by Microsoft's plan to triple its data center capacity. In a major strategic consolidation, Nvidia announced it will acquire open-source AI platform Hugging Face for $12.9 billion.

NVIDIA reports $96.2B revenue, acquires Poolside for $6B

NVIDIA asserts its market dominance with record earnings and two multi-billion dollar acquisitions, while the broader semiconductor industry rushes to invest over $60 billion in new AI chip capacity. Meanwhile, strategic platform battles intensify as OpenAI cuts off a competitor and governments worldwide hasten to regulate the rapidly evolving technology.

NVIDIA, Blackstone launch $500B GPU financing for AI

Nvidia is mobilizing a staggering $500 billion to finance AI infrastructure, while major regulations in the EU and California begin enforcement. This week's developments also include massive funding rounds, record profits for memory chip makers, and the launch of faster, more cost-effective AI models.

SK Hynix invests $39.42B; AWS, Google, Microsoft plan $590B

The AI industry is seeing an unprecedented capital boom, with chipmakers and cloud providers reporting record figures driven by insatiable demand. At the same time, new regulations are coming into force and cybersecurity incidents are mounting, highlighting the urgent need for governance and security.

OpenAI launches GPT-5.6, xAI releases Grok 4.5 models

OpenAI's public release of its GPT-5.6 model family marks a significant acceleration in the AI arms race, with new agentic and voice capabilities set to drive adoption. Meanwhile, the staggering scale of infrastructure investment faces growing challenges, as a new report reveals nearly 90% of firms deploying AI agents have suffered security breaches.

South Korea announces $974B AI and chip industrial plan

This week, the AI industry balanced major model releases with increasing government influence, highlighted by OpenAI's restricted GPT-5.6 launch. Meanwhile, unprecedented investment continues to reshape the hardware landscape, from South Korea's massive semiconductor plan to custom chip designs.

Anthropic closes $65B Series H, $965B valuation exceeds OpenAI

Anthropic raised $65 billion at a near-trillion-dollar valuation, dropped Opus 4.8, and revealed that its Mythos model has already found over 10,000 critical software vulnerabilities. Sam Altman, meanwhile, admitted he was "pretty wrong" about AI taking jobs — and the Pope published an encyclical on the subject.

SpaceX files for Nasdaq IPO at $2T valuation by mid-June

Google I/O launched an always-on personal agent, an OpenAI model solved an 80-year-old math problem, and SpaceX filed the largest IPO in history — all in the same week. Trump pulled a planned AI executive order at the last minute, calling it "a blocker."

Amazon commits $25B to Anthropic, total now $33B

Google bet the enterprise on agents while DeepSeek dropped a new open-source flagship on the same morning. Meanwhile, the capital flowing into frontier AI reached numbers that make last year's mega-rounds look modest.