Nvidia to Buy Hugging Face for $12.93B in Major Open-AI Platform Bet
Nvidia agreed to buy Hugging Face for about $12.93 billion, extending its AI moat from GPUs into the open-model and developer-platform layer as hyperscalers build competing chips.
Snowflake Surges 24% as AI Demand Drives Forecast Upgrade
Snowflake shares jumped more than 24% in premarket trading after the cloud-data company raised its fiscal 2027 product-revenue outlook and said AI products were accelerating demand across its core platform.
Standard Chartered Launches Institutional Bitcoin and Ether Spot Trading in UAE
Standard Chartered launched deliverable Bitcoin and Ether spot trading for institutional clients in the UAE, extending its regulated digital-asset stack from custody into execution through familiar FX interfaces.
Gold Jumps 2% to $4,473 as Waller Cools Fed Hike Bets
Gold surged about 2% to roughly $4,473 after Fed Governor Christopher Waller said cooling inflation could justify holding rates steady in September, pushing hike odds lower and reinforcing the metals rally.
Japan Warns on Weak Yen as Intervention Risk Returns Near USD/JPY 156
Japan’s top currency diplomat kept intervention risk alive on September 4 as USD/JPY rebounded toward the mid-156s after an initial yen jump, keeping BOJ tightening, U.S. payrolls and carry-trade risk in focus.
Uber and Wayve Launch London Robotaxis as Tesla Cybercab Enters Live Austin Service
Uber and Wayve launched supervised autonomous rides in London with fewer than 20 vehicles, adding a fresh robotaxi benchmark as Tesla’s Cybercab begins limited passenger service in Austin.
Broadcom Slides After Q4 Sales Forecast Misses as Custom AI Chip Competition Intensifies
Broadcom fell more than 3% after hours after its Q4 revenue outlook missed Wall Street estimates, even as AI chip sales are expected to reach $21.7 billion.
Trump Signals Renewed Iran Campaign May Be Short as Oil, Yields and Risk Assets Reprice
Trump said the renewed U.S. campaign against Iran would not last too long, giving oil, bond and crypto traders a fresh de-escalation signal while Hormuz risk remains elevated.
Analyst Note: Bitcoin-Gold Correlation Hits Record — Debasement Trade or Crowded Macro Bet?
Bitcoin’s 90-day correlation with gold has reached a record while the 30-day measure climbed near 0.8, sharpening the debate over whether BTC is trading like digital gold or simply sharing the same macro drivers.
Nvidia’s Jensen Huang Pushes Back on ‘Theoretical Harm’ AI Rules at G20
Nvidia CEO Jensen Huang urged G20 policymakers to avoid AI rules built around theoretical harms, putting regulation, copyright and model deployment back into the AI trade.