BusinessNvidia Bets Twelve Point Nine Billion Dollars on Open-Source AI with Hugging Face Acquisition
The chipmaker agreed to acquire the popular open-source AI platform for twelve point nine billion dollars, its second-largest purchase, while promising to keep the ecosystem open to all developers.
EconomyFederal Reserve Raises Rates as August Retail Sales Surge Points to Overheating Economy
The Fed approved a quarter-point rate increase to three point seven five to four percent after August retail sales jumped one point two percent, forcing policymakers to act on persistent inflation.