NVIDIA CEO Jensen Huang on Hugging Face deal
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Clément Delangue, Julien Chaumond and Thomas Wolf launched the AI company Hugging Face in 2016. Now, a decade later, that venture has reached a deal to be acquired by computer chip powerhouse Nvidia—and the price tag on the sale, $12.93 billion, almost certainly exceeds what the trio first thought possible.
Ellison is once again worth more than $200 billion, after his fortune fell when Oracle’s stock price collapsed earlier this summer.
Nvidia CEO Jensen Huang says the company decided to "rip the Band-Aid off" on gross margins, resetting expectations to 72%-73% for next year.
Jensen Huang’s dinner effect shows founders how authentic relationships and strategic proximity can build credibility and market confidence.
Jensen Huang says AI could help revive US manufacturing while driving investment in factories, energy, infrastructure, and AI jobs.
Nvidia CEO Jensen Huang plans to invest $13 billion to compete with OpenAI and Anthropic. Anthropic's valuation hitting $200B by December at 79% YES.
CNBC's Megan Cassella joins 'Squawk on the Street' to her interview with Nvidia's Jensen Huang and remarks from Anthropic's Tom Brown.