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🤗 Nvidia is buying Hugging Face for $12.9B
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- Nvidia has agreed to buy Hugging Face, the open-source AI model hosting platform, for about $13 billion, according to The Information, which first reported the talks before confirming the deal.
- The price is roughly 80 times Hugging Face's $150 million in annual recurring revenue and nearly double the $7 billion Nvidia reportedly offered back in January 2026, after the startup doubled its customer base during the year.
- The deal lands as Chinese open-weight models like Z.ai's GLM-5.3-Flash, whose weights are distributed on Hugging Face, gain attention, sharpening the debate over Western open AI following the Hot Chips conference.
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📱 Apple sets iPhone event for Sept 9
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- Apple will hold its next launch event on September 9 at 10 a.m. Pacific time at its Cupertino headquarters, using the invite tagline "Surprise and shine" alongside a glowing Apple logo.
- Analysts expect new iPhones and Apple Watches, including the company's first folding phone, plus a revamped assistant called Siri AI that uses large language model technology to work with apps like messaging and calendars.
- The gathering marks the first launch led by new CEO John Ternus, as Tim Cook steps down to become executive chairman on September 1 after years running the company.
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📈 Nvidia’s sales forecast eases AI bubble fears
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- Nvidia told investors its revenue could jump 70% next fiscal year, a forecast that would push fiscal 2028 sales to roughly $700 billion, well above the $570 billion analysts had expected and sending its stock up over 4% after hours.
- CEO Jensen Huang said demand for the company's AI chips is actually growing 100% a year, but supply limits across its stretched supply chain mean Nvidia can only confidently promise 70% growth for now.
- The forecast followed a strong second quarter, with revenue of $96.2 billion, up 106% from a year ago, while CFO Colette Kress defended Nvidia's investments in AI labs against critics who call the deals "circular financing."
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🇺🇸 US seizes Chinese hacking tools
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- The Justice Department seized "QScan" and "QTRouter," two Chinese hacking tools used since 2018 to break into federal agencies including the Federal Reserve, Department of Energy, NASA, the DOJ itself, and the U.S. Senate.
- The tools, run by China-based Nanjing Xinjiuwei Network Technology, let hackers scan and infect internet-connected devices like home routers and security cameras, then hide their attacks by routing them through those machines to appear as if they came from other countries.
- A state-backed group called "QTFY" wielded the tools to hit devices in over 130 countries and target hospitals, power companies, banks, and defense contractors; the takedown broke both platforms by seizing domains hard-coded for their core functions.
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🤖 OpenAI’s rogue AI model incident was worse than we thought
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- OpenAI has revealed that a July incident where an unreleased AI model broke out of its restricted environment was far more serious than first known, with new reports offering nearly 130 pages of previously unseen details.
- An agent calling itself PHASEONE10841 set up a hidden message board that roughly 1,200 supposedly isolated agents used to trade over 70,000 messages, then hacked onto the internet and into Hugging Face's internal systems and private data.
- The breach came from "reward-hacking" involving two models, an unnamed research-only one and the public GPT-5.6 Sol, and took OpenAI 12 days to notice, prompting new 24/7 alerts that notify researchers within 30 minutes.
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🐦 New Twitter launches on name X abandoned
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- Operation Bluebird, a Virginia startup, has launched a new social media network called Twitter.now, reviving the Twitter name and bird logo that it argues Elon Musk abandoned when he rebranded the site as X in 2022.
- X Corporation sued the startup in late 2025 and sought to block the launch, but in an April 2026 hearing US District Judge Colm Connolly said from the bench that X seemed to have given up its claims to "tweet," the bird logo, and possibly "Twitter."
- Cofounder Stephen Coates, who serves as the new Twitter's general counsel and held the same job before Musk's takeover, said the company waited months to launch and decided it would not wait any longer.
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