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Nvidia reportedly agrees to acquire Hugging Face for $12.9 Billion, expanding its AI reach as OpenAI and Anthropic seek GPU alternatives.
Read original at benzingaMajor stock indexes traded mixed on Aug. 26, 2026, as July inflation data came in hotter than expected at 3.7%, weighing on sentiment. The S&P 500 was essentially flat while the Nasdaq and Dow declined slightly. Investors are awaiting Nvidia's after-hours earnings report, which could provide insights into the sustainability of the AI boom. Notable movers included Meta Platforms following a $17 billion legal settlement, Abercrombie & Fitch surging 40% on strong earnings, and Alibaba declining on a $10 billion share placement announcement.
Read original at the-motley-foolhttps://www.alizila.com/alibaba-launches-qwenwork-international-edition-extending-its-all-in-one-workplace-ai-agent-to-global-markets/
Read original at benzingahttps://www.scmp.com/tech/big-tech/article/3365217/jack-ma-buys-hk600-million-alibaba-shares-signalling-ai-confidence-sources
Read original at benzingaAlibaba stock slides nearly 4% premarket after raising $10.2B in a Hong Kong share placement to fund its massive AI strategy.
Read original at benzingaAlibaba stock dropped over 7% as investors digested heavy AI infrastructure spending and profit pressure, despite a 45% surge in AI Cloud revenue.
Read original at benzinga