Nvidia shares jumped over 7% in premarket trading after strong revenue guidance calmed investor worries about slowing AI spending. CFO Colette Kress projected 70% revenue growth for fiscal 2028, while CEO Jensen Huang said actual demand exceeds that figure but supply constraints are limiting sales. The rally spread across the chip sector, lifting Micron, Marvell, Arm, Intel, AMD and cloud infrastructure firms Nebius and CoreWeave.
The Australian Federal Police arrested two men, aged 21 and 23, from Western Australia over their alleged roles in TeamPCP, a group accused of running the longest-running spree of software supply chain attacks. TeamPCP is said to have poisoned hundreds of open-source packages using a self-propagating worm called Shai-Hulud, stealing developer credentials to spread malicious code further. KrebsOnSecurity reports it had identified the 21-year-old suspect months earlier and had been in contact with a person claiming to speak for the group.
Mark Zuckerberg published a lengthy manifesto on Meta's website outlining his vision for AI, framing it as 'personal superintelligence' meant to be widely accessible rather than concentrated among elites. The statement follows Meta's costly retreat from its metaverse ambitions and mirrors similar declarations from rivals like OpenAI's Sam Altman and Anthropic's Dario Amodei, though Zuckerberg emphasizes broad accessibility for everyday users, from entrepreneurs to children.
Pollen Robotics, the robotics arm of Hugging Face, will open pre-orders for a small open-source robot called Microduck on August 27, 2026. The device is priced at $399 before taxes and shipping, with deliveries expected before Christmas 2026.
ESET's Director of Threat Research, Jean-Ian Boutin, explained how his team's intelligence work integrates into ESET's Managed Detection and Response (MDR) offering. He outlined how combining automated detection technology with human analyst expertise gives small and midsize businesses access to proactive threat hunting capabilities they couldn't otherwise afford to build in-house.
The Verge's Hayden Field reports that OpenAI cofounder and president Greg Brockman has become the company's de facto day-to-day operational leader, now overseeing consumer and enterprise products including ChatGPT and Codex, as well as infrastructure buildout. This shift comes as multiple senior OpenAI executives have departed in quick succession over recent months, leaving Sam Altman as the public-facing CEO while Brockman's influence grows internally.
The Australian Federal Police, working with the FBI and Western Australia Police, arrested and charged a 21-year-old and a 23-year-old accused of belonging to TeamPCP, a hacking collective blamed for injecting malicious code into widely used open-source packages. The group's tampered code allegedly reached over a thousand organizations, including GitHub, OpenAI, Mistral AI, SAP and the European Commission, leading to theft of roughly half a million credentials and exfiltration of at least 300GB of data.
Surgeons at the National Hospital for Neurology and Neurosurgery in London used an AI-powered video analysis system during a real operation to remove a pituitary tumor from patient Rhys Hibbert. The software, developed by UCL researcher Dr. Sophia Bano using footage from hundreds of past surgeries, color-coded critical nerves and blood vessels in real time to guide the surgical team. Hibbert, who faced possible blindness from the 11mm tumor, recovered quickly and has since returned to work.
According to The Information, Nvidia has agreed to acquire AI model-sharing platform Hugging Face for about $12.9 billion, though Business Insider says talks are still ongoing without a signed deal. Neither company has confirmed the reports publicly. The price would make it Nvidia's largest acquisition ever, well above the $7 billion it paid for Mellanox in 2020.
According to a report from The Information, Nvidia has reached a deal to purchase Hugging Face, the popular open-source AI collaboration platform, for $12.9 billion. The talks reportedly began after another suitor expressed acquisition interest in Hugging Face, and Business Insider had separately reported the startup was working with a bank to gauge buyer interest. Neither Nvidia nor Hugging Face has confirmed the deal, and CNBC said it could not independently verify the report.
European stock indexes opened with a mixed performance, showing no unified direction across the region. However, artificial intelligence-related stocks stood out with notable gains, buoyed by Nvidia's latest earnings report.
The Information reports, citing a source familiar with the matter, that Nvidia has agreed to purchase Hugging Face, the widely used open-source AI model hub, in a deal valuing the company above $13 billion. Business Insider says the agreement has not yet been finalized and could still fall apart, and neither Nvidia nor Hugging Face has commented on the reports.
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