Open Source Community

Xi pledges China-led AI push across BRICS bloc at New Delhi summit

At the 18th BRICS Summit in New Delhi, President Xi Jinping said China would spearhead artificial-intelligence cooperation among the bloc's developing economies, including creating an open-source AI community, sharing large language model development, and running training seminars. He also proposed a digital ecosystem cloud platform, an engineer cultivation alliance, and a youth exchange program focused on scientific innovation.

cnbc.com · 2026-09-13

Hugging Face in acquisition talks at $13B+ valuation, per report

Business Insider reports that Hugging Face has fielded acquisition interest valuing the AI model-sharing platform at $13 billion or more, nearly triple its $4.5 billion valuation from a 2023 Salesforce Ventures-led round. No buyer has been named and no deal is finalized, but the startup is reportedly consulting banks to weigh potential bids.

techcrunch.com · 2026-08-24