The Information is reporting Nvidia has agreed to buy Hugging Face, the go-to repository for open-source AI models, for $12.9 billion. That is roughly 86 times the startup's $150 million annualized revenue, a chunky price even for a company whose $4.5 billion valuation two years ago drew Nvidia, Google and Salesforce as backers. The payoff: control of the community hub where developers actually trade and test models, the software layer Nvidia needs as OpenAI and Anthropic build their own chips. Nothing is confirmed yet, and Business Insider says talks were still worth "more than $13 billion."
JSW Group has put its planned 50 GWh battery-cell gigafactory in India on hold because it can't land a Chinese technology partner. Director Parth Jindal says LFP chemistry is "not available anywhere in the world outside China" and Beijing is "guarding it like a weapon." It's the first public concession from an Indian company that Beijing's tech-transfer curbs are stalling domestic cell capacity.
Zerodha's profit edged up just 1.2% to ₹4,283 crore on flat revenue of ₹8,847 crore, with its CEO admitting trading activity has "slowed significantly" since the market peaked in September 2024. The growth engine is now its margin-trading book, which has swelled to 25% of net worth, leverage that Kamath says is "scaring me." Expect a sharper push into AUM, mutual funds and US investing from here.