Business
Funding, deals and strategy · 3 stories
Nvidia agrees to acquire Hugging Face for $12.93 billion
On September 2–3 Nvidia said it will buy Hugging Face for $12,930,300,000, with about $11.9 billion for stockholders and up to about $1.0 billion in employee retention equity, targeting a first-half 2027 close if regulators agree.
Kevin Mandia's Armadin raises $255.5 million at a $2.5 billion valuation for AI agents that hack like adversaries
Armadin, the AI-native offensive security startup founded by Mandiant founder Kevin Mandia, raised a $255.5 million Series B at a valuation above $2.5 billion, just seven months after its public launch.
OpenAI raises $110 billion at a $730 billion pre-money valuation from Amazon, Nvidia and SoftBank
On February 27 OpenAI announced $110 billion of new investment at a $730 billion pre-money valuation, with $50 billion from Amazon, $30 billion from Nvidia and $30 billion from SoftBank, plus expanded Amazon and Nvidia compute deals.