Nvidia to Acquire Hugging Face for $12.9 Billion

Nvidia has agreed to acquire Hugging Face for $12.93 billion. Meanwhile, OpenAI unveiled the GPT-6 Astra model, claiming it nears AGI capabilities, and plans to issue a cybersecurity advisory following recent service disruptions across several AI platforms. In the semiconductor sector, Texas Instruments initiated its third price hike this year, while Samsung expanded its Vietnam facility with 1,612 new units and narrowed the HBM market share gap with SK Hynix in Q2. Additionally, Korea Electric Power Corporation plans to collect 25 trillion KRW in advance t