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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

30 Aug 2026 12:28 am
OpenAI to stop supplying models to Cursor after SpaceX acquisition

OpenAI is ending its contract to supply models to Cursor following SpaceXs $60B acquisition, with access shutting off on 12 November and its forthcoming Astra model withheld. Cursor and SpaceXAI shipped Grok 4.5 together in July, which is available in Cursor on every plan. OpenAI is ending its contract to supply models to Cursor. The [] This story continues at The Next Web

29 Aug 2026 3:45 pm
SK Hynix breaks ground on a $4B memory packaging hub in Indiana

SK Hynix has broken ground on a plant costing more than $4B in West Lafayette, Indiana, its first US base for packaging high-bandwidth memory, with production due in the second half of 2029. Intels equivalent assembly and testing plant near Wroclaw was cancelled last year after state aid had been approved. SK Hynix has put [] This story continues at The Next Web

27 Aug 2026 10:32 pm