Author: editor
Nvidia Buys Hugging Face for $12.93 Billion
Nvidia is acquiring Hugging Face for $12.93 billion, expanding beyond AI chips into open-source models, developer tools and cloud infrastructure.
Meta $18 Billion Settlement Brings Major Changes to Instagram and Facebook
Meta’s $18 billion settlement will introduce time limits, night curfews, stronger parental controls and age checks for minors using Instagram and Facebook.
Gap Stock Jumps as Michael Francis Takes Over Old Navy
Gap names retail veteran Michael Francis CEO of Old Navy as the company raises its 2026 profit forecast and Gap shares surge after earnings.
Google plans to buy $10 million of Spirit Airlines business data for AI training
Google plans to acquire $10 million worth of de-identified Spirit Airlines business data for AI training and product development.
AI Promises Less Work, but Tech Employees Report 70- to 90-Hour Weeks
AI companies say automation could shorten the workweek, yet employees at major tech firms report 70- to 90-hour weeks, intense sprints, weekend work, and rising pressure.
Polymarket Seeks $20 Billion Valuation in New $1 Billion Funding Round
Polymarket is reportedly seeking a valuation above $20 billion in a new funding round as prediction markets attract major investors and annualized revenue surpasses $1 billion.
World Bank Raises India Growth Forecast to 6.6%
The World Bank has raised India’s growth forecast to 6.6% for the current financial year, supported by strong domestic demand, resilient exports, tax changes, and new trade agreements.
AliExpress Hit With €550 Million EU Fine Over Counterfeit and Unsafe Products
AliExpress faces a record €550 million EU fine over counterfeit, illegal, and unsafe products, marking one of the toughest Digital Services Act penalties so far.
Grupo Televisa Stock Faces Wall Street Pressure as Analysts Turn Cautious
Grupo Televisa is facing cautious analyst sentiment, insider selling, and weak stock performance as investors weigh leadership.
Toyota to Invest $3.6 Billion to Expand Texas Plant
Toyota will invest $3.6 billion to expand its San Antonio plant, add a new assembly line, shift Tacoma production from Mexico.