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Nvidia’s $12.9 Billion Bet on Hugging Face Arrives as the Closed Labs Drift Away
Nvidia is acquiring the open-source AI platform Hugging Face for $12.9 billion, a price significantly higher than its estimated $150 million annual revenue. This strategic move aims to bolster Nvidia's position in the AI market as major clients like OpenAI and Google develop their own custom silicon, potentially reducing their reliance on Nvidia's hardware. The acquisition is seen as a counterweight to the trend of closed AI labs, securing Nvidia's hardware dominance within the open-source AI community.
Jalapeño Benchmarks: OpenAI’s Inference Chip Outruns Blackwell on Paper, Ships at Scale in 2027
OpenAI's new inference chip, codenamed Jalapeño, shows promising performance on paper, outperforming Nvidia's Blackwell in benchmarks for tokens per user and throughput per kilowatt. However, the chip is not expected to ship in significant quantities until 2027, raising questions about its competitiveness against future hardware. OpenAI's head of hardware, Richard Ho, highlighted the chip's efficiency and low latency, attributing its design to minimizing data movement and local KV cache retention.
AMD pours up to $5B into Anthropic — but the payoff waits until 2027
AMD is investing up to $5 billion in AI company Anthropic, with a significant portion of this funding being used by Anthropic to purchase AMD's Instinct MI450 GPUs and Helios rack-scale systems. This strategic partnership also includes a multi-year engineering collaboration where AMD will utilize Anthropic's Claude AI model. The initial deployment of hardware is expected in the first half of 2027.
Evening Reading - July 8, 2026
This edition of Evening Reading covers several game updates and news items, including the Assassin's Creed Black Flag Resynced review, EVE Vanguard's alpha playtest, and the upcoming shutdown of Mario Kart Tour and Final Fantasy 7 Ever Crisis. It also touches on Apple's chip testing and a new deal with Broadcom, mentions Obsidian Entertainment's potential pivot to a Fallout game, and highlights community creations in Minecraft. Additionally, it notes John Oliver's appearance on General Hospital and the announcement of the first four teams in the Women's Pro Baseball League.
Apple (AAPL) announces new $30 billion deal with Broadcom (AVGO) to build more U.S. chips
Apple has announced a new $30 billion deal with Broadcom to manufacture processor chips within the United States, aiming to establish an end-to-end silicon supply chain. This agreement will result in over 15 billion chips being produced as part of Apple's largest ever American Manufacturing Program commitment. CEO Tim Cook highlighted the partnership as a significant step in deepening investments in U.S.-based suppliers.
Apple pledges to buy $30 billion of Broadcom's US-made chips
Apple has committed to spending $30 billion on chips manufactured by Broadcom as part of its initiative to boost US manufacturing. This significant investment highlights Apple's strategy to diversify its supply chain and support domestic production.
Jalapeño is the first AI chip from OpenAI and Broadcom
OpenAI and Broadcom have collaborated to create 'Jalapeño,' their first AI chip. This marks a significant step in the AI company's partnership with the chip manufacturer.
AI Yi-Yi!
OpenAI and Broadcom have partnered to develop inference chips optimized for large language models. Separately, NVIDIA and Amazon Web Services are collaborating to scale AI deployment for production environments. The article also touches on the increasing use of AI-generated influencers by brands for promotional purposes.
Broadcom (AVGO) Q2 FY26 earnings results beat revenue estimate, miss EPS whisper number expectation
Broadcom's stock experienced a decline following its Q2 FY26 earnings report. The company exceeded revenue estimates but fell short of the 'whisper number' expectation for earnings per share.
Google plans to invest even more money into Anthropic
Google plans to invest up to $40 billion in AI startup Anthropic, with $10 billion committed now and an additional $30 billion contingent on performance milestones. This follows Anthropic's recent agreements with Google and Broadcom for TPU capacity, and a similar $5 billion investment from Amazon. The deals highlight a pattern of significant investment and hardware commitments within the competitive AI industry.
Anthropic launches Project Glasswing, an effort to prevent AI cyberattacks with AI
Anthropic has launched Project Glasswing, an initiative aimed at securing critical software against AI-powered cyberattacks, in partnership with major tech companies like Amazon Web Services, Apple, Google, and Microsoft. The project will utilize Anthropic's Claude Mythos Preview model to identify vulnerabilities and develop defensive strategies against malicious AI use. This effort comes amidst broader concerns about AI's impact on cybersecurity and follows a previous incident where Anthropic's Claude was reportedly used in an attack against Mexican government agencies.
AI Yi-Yi!
The article touches on the development of AI for military applications, specifically humanoid soldiers, and mentions Google's potential for ads in its Gemini AI. It also notes the involvement of AMD, Broadcom, and Nvidia in related technologies.