Business
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NVIDIA Reaches $96.2 Billion in Revenue, Fueled by AI Demand
NVIDIA closed its second quarter of fiscal year 2027 with record revenue of $96.2 billion. Driven by demand for artificial intelligence infrastructure, the company saw its revenues more than double within one year.
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Nvidia Reportedly Reached Deal to Acquire Hugging Face for $12.9 Billion
According to The Information, Nvidia allegedly struck a deal to acquire Hugging Face for $12.9 billion. While the transaction has not yet been officially announced by either company, it would place Nvidia in control of one of the premier platforms within the open artificial intelligence model ecosystem.
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SpaceX Finalizes Acquisition of Cursor for $60 Billion
SpaceX has finalized the acquisition of Anysphere, the company behind the programming agent Cursor, in an all-stock deal that values the company at $60 billion. The purchase enhances SpaceX's artificial intelligence activities, following its earlier integration of xAI this year.
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