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Nvidia (NVDA) Reportedly Agrees to Buy Hugging Face for $12.9 Billion in Major AI Expansion
Nvidia (NVDA) has reportedly agreed to buy AI platform Hugging Face for $12.9 billion, according to reports published on August 27, 2026. The potential deal would give Nvidia greater control over a major hub for open-source AI models and datasets. It also shows that the chip giant is looking beyond GPUs. As competition in AI…
Samsung Affiliates Face 45% Premium Offer for S-1 Stake as Activist Investor Pushes Landmark Deal
Samsung affiliates received a formal buyout offer for their combined stake in S-1 Corp on August 27, 2026. Singapore-based Flashlight Capital Partners proposed acquiring the 20.6% stake at 116,000 won per share. That price represents a 45% premium to Wednesday’s closing price. The deal totals 906.6 billion won, or $655 million, testing South Korea’s revised…
Salesforce (CRM) Stock Soars 13% to $232 After Hours as AI Growth and $2.6 Billion Anthropic Gain Fuel Rally
Salesforce (NYSE: CRM) stock surged about 13% to nearly $232 in after-hours trading on August 26, 2026, after the company reported strong fiscal second-quarter results. Revenue rose 11% to $11.35 billion, while rising demand for its AI products gave investors more confidence in the company’s growth. A $2.6 billion gain linked to Anthropic added to…
US Disrupts China-Linked Hacking Network Targeting NASA, Federal Reserve and Senate
NASA was among several federal agencies breached by a China-affiliated hacking network, the Justice Department confirmed Wednesday, August 26, 2026. Authorities seized domains tied to two hacking platforms, dubbed QScan and QTRouter, used since at least 2018. The Federal Reserve, US Senate, Department of Justice, and Department of Energy were also confirmed victims. FBI Director…
Canada Hits US With C$27.6B Tariff Counterpunch on September 8
Canada imposes C$27.6B in retaliatory tariffs on U.S. goods starting September 8, matching U.S. rates of 15-50% after trade talks fail. Steel, aluminum, and paper products face 50% duties.
Edge Early Learning Collapses Into Administration: 70 Centres at Risk, August 27
Edge Early Learning enters voluntary administration with 70 childcare centres at risk. KordaMentha appointed to assess operations. Centres remain open for now as administrators review financial position.
Nvidia Posts $96.2B Revenue, Guides 70% Growth for Fiscal 2028
Nvidia crushes Q2 earnings with $96.2B revenue, up 106% year-over-year. CEO Jensen Huang forecasts 70% growth for fiscal 2028, signaling sustained AI infrastructure demand despite supply constraints.
McDonald’s McGold Card Arrives in Australia on September 1 With Nine Lifetime Prizes
McDonald’s brings the legendary McGold Card to Australia starting September 1. Nine winners will receive $30 weekly for 40 years. Customers enter through the MyMacca’s app by purchasing daily Golden Deals.
Federal Judge Blocks Texas Drag Show Ban for Second Time on August 26
Federal Judge David Hittner struck down Texas Senate Bill 12 on August 26, ruling the drag show ban unconstitutional and a First Amendment violation. The law would have fined businesses $10,000 and jailed performers for a year.