NVIDIA has acquired AI startup Hugging Face for USD 12.9 billion, aiming to scale its platform, strengthen infrastructure, and expand access to AI for developers and institutions worldwide while maintaining an open ecosystem.
NVIDIA has acquired AI startup Hugging Face for USD 12.9 billion, aiming to scale its platform, strengthen infrastructure, and expand AI access for developers and institutions globally while maintaining an open ecosystem.
Azim Premji's private investment firm, Premji Invest, has quietly built a formidable portfolio of 11 AI startups, primarily in the US, with a combined valuation of $43 billion. The firm has participated in 19 funding rounds since 2021, with a notable focus on US-based companies, many of which were founded by Indian entrepreneurs.
The 2025 US National Security Strategy marks a major pullback, with America turning backward and effectively allowing China greater dominance in Asia. while long-time partners like India are left to face an increasingly unstable global order largely on their own, observes Rajeev Srinivasan.
'We will start reaching out to researchers, academics, and experts on AI from top universities and companies from across the world.'
Investors' desire for companies to prioritise returning cash to shareholders through share buybacks, dividends or mergers and acquisitions (M&A) is at the highest level since July 2015, said a survey by BofA Securities (BofA). Nearly 30 per cent of respondents wanted companies to do so. As many as 226 respondents with $572 billion worth of assets under management (AUM) participated in the March fund manager survey (FMS), said BofA.
Many promoters still consider the cash in the company as their money and are averse to sharing this pie with minority investors, points out Akash Prakash.
