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Nvidia acquires open-source AI platform Hugging Face for $12.9bn

Nvidia acquires open-source AI platform Hugging Face for $12.9bn

admin
September 5, 2026

In a move that signals a massive consolidation within the artificial intelligence sector, chip giant Nvidia has announced the acquisition of the open source platform Hugging Face for 12.9 billion dollars. The financial structure of the deal involves roughly 11.9 billion dollars paid out to investors, with an additional billion dollars potentially earmarked for stock […]

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El Salvador added 1,540 Bitcoin, but the IMF says Bukele’s government didn’t pay for them

El Salvador added 1,540 Bitcoin, but the IMF says Bukele’s government didn’t pay for them

admin
September 4, 2026

The International Monetary Fund (IMF) says El Salvador’s Bitcoin reserve growth over the past year came from private donations, not new government spending. In its latest review of the country’s loan program, the global financial agency said documents supplied by El Salvador showed that Bitcoin accumulated since the previous review reflected private donations. It added […]

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From MIT to IBM, expediting AI and quantum deployment | MIT News

From MIT to IBM, expediting AI and quantum deployment | MIT News

admin
September 4, 2026

The experience of transitioning from research based in theory to focusing on real-world application can vary significantly for different researchers. However, for two former MIT graduate students and a former postdoc, all now at IBM, working with the MIT-IBM Computing Research Lab (formerly the MIT-IBM Watson AI Lab) during their formative years enabled them to […]

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Remixpoint Sells $5.5M in Altcoins to Focus on Bitcoin

Remixpoint Sells $5.5M in Altcoins to Focus on Bitcoin

admin
September 4, 2026

Latest NewsPublishedSep 2, 2026 Remixpoint sold $5.5 million in ETH, SOL, XRP and DOGE, booking a $736,000 net gain as it narrowed its crypto strategy to focus on Bitcoin. Remixpoint, one of Japan’s largest corporate Bitcoin holders, sold all its altcoins, leaving about 1,506 BTC ($115 million) as its only cryptocurrency holding as it concentrates […]

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The Cost of the American Revolution

The Cost of the American Revolution

admin
September 4, 2026

The core of this argument is that the American Founding set the United States on a unique path that made it one of the richest and freest places in the world. Yet, this causal connection requires a leap of faith. Few have attempted to conjure a counterfactual in which America remained a British colony or […]

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CATL Suspends China’s Top Lithium Mine on Permit Loss

CATL Suspends China’s Top Lithium Mine on Permit Loss

admin
September 4, 2026

The worlds largest battery maker, Contemporary Amperex Technology Co., known as CATL, has been forced to suspend operations at its Jianxiawo lithium mine after Chinese regulators revoked the sites environmental approval. This move effectively stalls what was intended to be Chinas most productive lithium operation by capacity. While the company had briefly attempted to resume […]

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Gold Futures Rally as US-Iran Escalation Drives Bid

Gold Futures Rally as US-Iran Escalation Drives Bid

admin
September 4, 2026

Gold futures climbed higher on Thursday morning as investors flocked to the precious metal following a series of US airstrikes against Iranian targets. This sudden military escalation in the Strait of Hormuz provided a much needed boost for bullion, pushing December contracts to an intraday high of 4,470.70 dollars per troy ounce. The rally comes […]

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