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Nvidia has been negotiating to buy Hugging Face, the open-source AI model-sharing platform, in a deal that would value the startup at more than $13 billion, according to a person familiar with the matter. No agreement has been reached and talks could still collapse. Microsoft had also explored a deal with Hugging Face but those discussions are no longer active.
Nvidia CEO Jensen Huang defended the company's expanding financial backing of AI startups and data center projects, arguing critics misunderstand the unprecedented capital needs of building and deploying AI. He spoke on CNBC after Nvidia posted stronger-than-expected quarterly earnings, noting the firm has invested in model makers like OpenAI and Anthropic and backed massive compute projects, including a $105 billion Ohio campus and a $500 billion Wall Street financing partnership.
Amazon and Nvidia expanded their partnership, with Amazon agreeing to add 2 million more Nvidia GPUs—including Blackwell Ultra, Rubin, and Rubin Ultra chips—to AWS data centers by 2027-2028. This comes just five months after a prior deal for over 1 million GPUs, with Nvidia citing demand that 'exceeded expectations.' The deal also extends to broader integration of Nvidia's networking hardware, models, CPUs, and robotics platforms into AWS infrastructure.
Nvidia reported second-quarter revenue of $96bn, over twice what it earned a year earlier, driven largely by its data centre business which brought in $89bn, up 117% year-on-year. The company forecasts $108bn in revenue next quarter, and shares rose about 4% in after-hours trading following results that beat Wall Street estimates.
Nvidia reported fiscal second-quarter net income of $59.69 billion, or $2.46 per share, for the May-July period, exceeding Wall Street forecasts. The results were driven by continued strong sales of the company's high-end AI chips, which remain central to the ongoing buildout of artificial intelligence infrastructure.
Nvidia posted quarterly sales of $96.2 billion, topping analyst estimates by roughly 4%, marking a new high for the chipmaker. Despite the strong results, shares dipped slightly as broader market anxiety over the sustainability of AI-related spending overshadowed the earnings beat.
Nvidia reported record quarterly revenue of $96.2 billion, up more than $10 billion from the prior quarter, driven by data center revenue that more than doubled year-over-year to $89 billion. Profits also more than doubled to $59.7 billion, and the company projects revenue will climb to $108 billion in the coming quarter.
Perplexity and Nvidia have released Portable Computer, a locally-run version of Perplexity's Computer AI platform that performs agentic workloads directly on a user's PC or workstation instead of relying on cloud servers. The app mirrors the original Computer interface, supports Qwen 3.8 and PPLX local models (both scaling to 27 billion parameters), and will soon add Nvidia's Nemotron 3.5 Lightning model, while asking users for permission before sending any data to cloud-based frontier models for harder tasks.
Researchers demonstrated a new Rowhammer variant called GPUThor that defeats NVIDIA's ECC memory protections on Ampere-class workstation GPUs, including the RTX A4000, A4500, A5000, and A6000. By using a non-uniform hammering pattern tuned to avoid triggering GDDR6's Target Row Refresh defenses, the attack generates far more bit flips than earlier concepts like GPUHammer, enabling denial-of-service conditions and root-level privilege escalation.
OpenAI revealed its first custom AI chip, called Jalapeño, claiming it delivers industry-leading speed and efficiency for inference workloads. The chip, co-developed with Broadcom, is set to be deployed in OpenAI's own infrastructure by year-end, with two more generations already in development.
Canada confirmed a new round of tariffs matching Washington's 50% duties, covering more than 700 American products worth roughly $20 billion, set to take effect September 8. The move follows the collapse of trade talks last week, with both governments blaming each other for last-minute demands. Ottawa specifically doubled its tariff on U.S. steel and aluminum to 50% in direct response to similar U.S. levies.
Perplexity has released Portable Computer, an agentic AI tool that runs entirely on local hardware instead of the cloud, built in partnership with NVIDIA. It relies on compact models like Qwen 3.8 and NVIDIA Nemotron 3.5 Lightning to handle complex tasks on-device, and only reaches out to cloud-based models when needed, with user permission. The feature is currently available to Perplexity Pro and Max subscribers running NVIDIA's DGX Spark hardware, with RTX GPU support planned.