A Chinese Chipmaker Raised $911M

A summary of the interesting content that I consumed this past week…

Caught My Eye… 1) Nvidia Buys the Home of Shared AI Models For $12.93B On September 3, Nvidia announced that it had agreed to buy Hugging Face for $12.93 billion. Hugging Face is an online library where developers publish and download AI models. They crossed $100M+ ARR in mid-2026 through three product tiers layered on top of its free hub: Inference Endpoints, which lets businesses pay hourly to host and run AI models on demand without managing complex hardware infrastructure. Paid subscription tiers: Enterprise Hub gives companies private, secure team workspaces with enhanced security…

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