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Nvidia buys Hugging Face as German power prices fall - 3 Sep 2026
As of September 3, today’s news highlights shifts in the energy sector, developments in U.S. politics affecting technology, and corporate transactions in the tech industry. Nvidia will buy popular developer platform Hugging Face for 12.93 billion dollars, betting that support for open AI models will drive future demand even as its biggest customers develop their own chips to reduce reliance on the semiconductor giant. Meanwhile, the energy landscape is highlighted by a substantial drop in German spot power prices. The baseload spot electricity contract decreased by 23% to 97 euros per…
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