Nvidia has agreed to acquire the open-source AI model repository Hugging Face for $12.9 billion, according to a report from The Information. The buyout marks one of the largest acquisitions in Nvidia’s history, signalling CEO Jensen Huang’s confidence that market demand for artificial intelligence infrastructure continues to accelerate. Securing Hugging Face gives the chipmaker strategic…
Meta Platforms has reached a proposed $18 billion settlement to resolve landmark lawsuits filed by dozens of state attorneys general accusing the company of engineering addictive social media platforms for youth and violating child privacy laws. Pending final court approval, the agreement concludes a high-profile trial brought by state regulators, led by California Attorney General…
NASA is preparing to launch its next flagship observatory, the Nancy Grace Roman Space Telescope, embarking on a mission to investigate the fundamental mysteries of dark energy, dark matter, cosmic gravity, and alien worlds. Read: Samsung teases another Galaxy event on August 27 The $4-billion (R64-billion) project is scheduled to launch on Sunday aboard a…
TOPSHOT – French President Emmanuel Macron (L) and the Crown Prince and Prime Minister of Saudi Arabia Mohammed bin Salman attend the closing ceremony of the Esports World Cup at the Grand Palais in Paris, France, on August 23, 2026. (Photo by Teresa SUAREZ / POOL / AFP via Getty Images) Teresa Suarez | Afp…
Night view of Alibaba’s headquarters building located by the Huangpu River in Shanghai, China on Nov. 16, 2025. CFOTO | Future Publishing | Getty Images Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued…
Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), during the Asian Financial Forum in Hong Kong, China, on Tuesday, Jan. 27, 2026. The forum runs through today. Photographer: Lam Yik/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Hong Kong’s IPO pipeline is supported by companies beyond the ‘fashionable’…
As Anthropic prepares for a landmark initial public offering, Wall Street is looking unusually far into the future to value the artificial intelligence startup. Bankers and institutional investors are calculating the company’s enterprise value based on projected 2028 revenues of $190 billion to $200 billion. By anchoring valuation models to metrics two years out, underwriters…
Africa grows plenty of cotton. It just does not make much of it into clothes. A new $5 billion plan aims to change that, turning a scattered collection of cotton producers into a regional textile industry. The road out of Koudougou in Burkina Faso is lined with cotton fields that stretch toward the horizon, broken only by…
SK Hynix has announced a 54 trillion Korean won ($38.1 billion) investment to construct two new semiconductor manufacturing facilities in South Korea. As the world’s second-largest memory manufacturer behind Samsung, the company is expanding capacity to address severe supply constraints driven by the global AI data centre boom. Production in the first facility’s cleanroom is…
By Ayodeji Adegboyega | Business Insider Africa ZIMBABWE approved US$1.59 billion worth of new investment projects in the second quarter of 2026, with mining and manufacturing absorbing nearly 80% of the proposed capital as the southern African country intensifies its push to build an industrial economy around its vast mineral resources. The Zimbabwe Investment and…
