Nvidia in Talks to Acquire Hugging Face for $14 Billion Amid Geopolitical Oil Price Surge

Nvidia is in late-stage negotiations to acquire Hugging Face for approximately $14 billion, including employee retention packages. If finalized, the deal would grant the AI chip giant control over the world's largest open-source model community. Meanwhile, escalating tensions between the U.S. and Iran have pushed oil prices above $95 per barrel, triggering a sell-off in U.S. stocks and bonds. Other notable developments include Anthropic's release of Claude Fable 5.1 and Claude Mythos 5.1, a $75 million exploit on the Tectonic lending protocol on the Cronos