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Showing posts from August, 2026

Hugging Face built a $4.5 billion empire on free AI models. Now Nvidia is buying it for $12.9 billion

Thomas Wolf has spent a decade convincing the world that open-source AI is not a charity project. On August 27, 2026, the market settled the argument. Nvidia agreed to buy Hugging Face, the company famous for hosting the open-source AI ecosystem with more than 3 million open-source LLMs, for $12.9 billion, according to The Information, […] This story continues at The Next Web https://ift.tt/2dCvrGy Read full article: The Next Web
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JPMorgan leads a $5B debt package for Volta’s AI data centre buildout

JPMorgan has begun approaching lenders about a $5B debt package to fund Volta Infra Holdings’ AI data centre buildout, weeks after the seven-month-old company raised $300M at a $2.4B valuation. Its first major site is a 121-megawatt campus in Norway leased from bitcoin miner Bitdeer. JPMorgan has started sounding out lenders for a $5B debt […] This story continues at The Next Web https://ift.tt/MXYEl5J Read full article: The Next Web
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PayRewards launches in America with $28M and a 1.75% fee to earn points

An Australian payments company thinks American small businesses will pay for the privilege of earning points. PayRewards, the US arm of Pay.com.au, has launched with $28M in funding and a promise that bank transfers which currently earn nothing can earn something. The parent business is not speculative. Pay.com.au says it has processed more than $7bn […] This story continues at The Next Web https://ift.tt/2CH3UsI Read full article: The Next Web
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Parents can now watch their teen’s Uber ride live, through the driver’s phone

Uber is rolling out live video streaming of teen rides in the US, using the driver’s phone as the camera and sending the feed to linked parent accounts. Other passengers in the car appear on the stream and are given no way to opt out. Uber is putting a camera in the car, and it […] This story continues at The Next Web https://ift.tt/K78Jelt Read full article: The Next Web
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The company that just opened America’s newest battery plant says solid-state cars are a decade away

LG Energy Solution says the unsolved problem in solid-state batteries is making large cells at scale, and expects the technology to reach smartphones roughly a decade before electric vehicles. Europe’s first solid-state gigafactory broke ground in France in February. The company that has just opened America’s newest battery plant does not think solid-state cells are […] This story continues at The Next Web https://ift.tt/lAdsNwq Read full article: The Next Web
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Google wants publishers to install a button that makes readers pick them

Google is giving publishers a button to put on their own websites. Clicking it adds that publisher to a reader’s preferred sources on Google. It is one of three personalisation changes the company announced on Thursday. The other two are a chatbot for tuning the Discover feed, and topic controls for audio news briefings. Mrinalini […] This story continues at The Next Web https://ift.tt/W1l8tFv Read full article: The Next Web
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Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt

Domyn has raised more than $1bn, which makes it one of the largest financings a European AI company has ever announced, yet only about a tenth of it is equity. The Milan company took roughly $1.1bn in total, split about 10% equity and 90% debt, according to Sifted. That structure is the story, because it is […] This story continues at The Next Web https://ift.tt/YQzU81R Read full article: The Next Web
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Deutsche Telekom buys Macquarie’s Polish fibre and TV assets in a €1bn bet on convergence

Deutsche Telekom has agreed to buy two of Poland’s best-known fibre businesses, Fiberhost and INEA, from the Australian investment group Macquarie, in a deal worth roughly €1bn and aimed squarely at the country’s scramble to bundle mobile, broadband, and television into a single monthly bill. The German operator confirmed on Monday that its local arm, […] This story continues at The Next Web https://ift.tt/GrYh7lq Read full article: The Next Web
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LG’s humanoid robot arrives in 2027, running Nvidia’s Isaac GR00T

LG will unveil a bipedal humanoid robot in the first quarter of 2027, built on Nvidia’s Jetson Thor processor, Isaac GR00T foundation model and Halos safety system. The two signed the agreement at Nvidia’s Santa Clara headquarters on 13 August. LG will show a bipedal humanoid robot in the first quarter of next year. The […] This story continues at The Next Web https://ift.tt/cu6o50i Read full article: The Next Web
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Joshua Kushner’s Thrive Capital Discloses $215 Million Amazon Stake

Joshua Kushner’s Thrive Capital has bought roughly $215mn of Amazon shares, disclosed in a regulatory filing on Friday. It lands in the same week the firm told investors it is selling part of its OpenAI stake, in a company Amazon now owns close to 5% of. Joshua Kushner’s Thrive Capital has bought roughly $215mn of […] This story continues at The Next Web https://ift.tt/ts4qzaw Read full article: The Next Web
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Uber is working on letting 10-year-olds ride alone

Code in the latest Uber iOS app refers to adding a tween aged 10 to 12 to an Uber Family profile, with a trusted adult contact and the option to require a grown-up at pickup. Uber says it is not a live product and that its only teen offering remains 13 to 17. Uber is […] This story continues at The Next Web https://ift.tt/dBbaFYD Read full article: The Next Web
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SEC settles fraud case against Adit Ventures over fake SpaceX and Klarna pre-IPO shares

The US Securities and Exchange Commission has settled fraud charges against private-fund adviser Adit Ventures Management LLC, its CEO Eric Munson, and three affiliated general partners, in a case that reads like a cautionary tale about the frenzy for pre-IPO shares in marquee names. The regulator alleges that between April 2019 and December 2024 the […] This story continues at The Next Web https://ift.tt/eqK07ag Read full article: The Next Web
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