Tech

Nvidia has officially announced its intention to acquire the AI platform Hugging Face for $12.9 billion. The move represents the chipmaker's strategic shift beyond focusing solely on hardware.

Reports in the UK reveal that Leonid Radvinsky received a total of more than $2 billion from the platform, which reported revenue of $1.55 billion for the year, an increase of 10% compared to the previous year. The number of creators on the platform rose to 5 million, half of whom are active. The number of fan accounts rose to 437 million, and about 132 million of them are considered active.

Bank Leumi has provided a $400 million credit line to AppsFlyer. This facility will allow the company to support ongoing operations without the need for further fundraising or equity dilution.

Spotify is introducing an "AI Persona" tag for profiles created by artificial intelligence to increase platform transparency. The company will also restrict recommendations of such music in algorithmic playlists.

Nvidia has introduced the open-source Nemotron 3.5 Lightning model, designed for complex multi-agent AI tasks. The company claims it delivers 30% faster performance compared to similar models in its category.

Monday's leadership initiated a wave of layoffs affecting 620 employees while simultaneously asking shareholders to approve a plan to double their own compensation packages to $14 million by 2029.

Hailo and StreamElements, which raised a combined total of about half a billion dollars, were recently sold in fire sales. This reflects the collapse of the "growth at any cost" model in the Israeli high-tech sector.