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Nvidia closes in on Hugging Face acquisition

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Nvidia has agreed to buy Hugging Face for $12.9 billion, The Information reported Wednesday night, citing a source familiar with the matter. Business Insider, which first reported over the weekend that Hugging Face was fielding takeover interest, reported Wednesday night that the talks — which would value the company at more than $13 billion — had not yet produced a signed agreement and could still atomize.

TechCrunch reached out earlier to both Nvidia and Hugging Face for comment, and neither has yet responded. (Nvidia’s silence is particularly noteworthy here as the company has moved quickly in the past to address reports it considers inaccurate.)

Maybe it was destined from the start. Hugging Face, founded in 2016, is one of the most popular hubs where developers share and download open-source AI models. Buying it would give Nvidia a strong foothold in the world of open-source AI, right as open-source developers are doing their level best to catch up to closed AI systems from companies like Anthropic and OpenAI.

Why would Nvidia want that? Most obviously, it comes down to protecting its dominance in AI chips, which, from the outside at least, appears increasingly at risk, even with Nvidia’s aggressive chip-release schedule. Pretty much all of the biggest closed-source AI labs (OpenAI, Google, Amazon, and Anthropic) are now in the process of building their own AI chips to lessen their reliance on Nvidia. A thriving ecosystem of open-source AI models gives customers more alternatives to those closed labs, which in turn keeps more of the market dependent on Nvidia’s hardware. That’s also why Nvidia has already poured tens of billions of dollars into building its own open-source AI models.

Should we be surprised that Hugging Face’s days as an independent outfit appear numbered? Not really. Hugging Face CEO Clem Delangue has spent much of this year publicly aligned with Nvidia’s open-source push, amid a debate that has been building for months, as Washington officials reportedly weighed restrictions on open-weight models. (After Chinese labs like Moonshot AI released systems like its Kimi K3 model that matched leading U.S. models on benchmarks while costing a lot less to run, talk of competitive and national-security concerns appeared to grow in Washington, with some critics of closed labs — like White House advisor David Sacks — suggesting the fears were being fanned by the “duopoly” of Anthropic and OpenAI.)

In an appearance on CBS’s “Face the Nation” earlier this month, for example, Delangue said Hugging Face used an Nvidia-modified version of a Chinese open-source model to defend itself after a cyberattack and pointed to a recent letter — signed by Nvidia CEO Jensen Huang and 24 other companies, including Hugging Face — urging the U.S. government to support open models rather than restrict them. In a separate CNBC interview in late July, Delangue made similar points, citing that same letter while warning that China is “clearly dominating” open-source AI.

The deal would also mark something of a comeback for Nvidia in cloud computing. Nvidia reportedly scaled back its own cloud business, called DGX Cloud, about a year ago. But according to The Information, owning Hugging Face — which already helps developers run their AI models using rented computing power — could give Nvidia a way back into that market without starting from scratch.

There’s also a financial safety net at play. Nvidia has promised to help cover the cost of tens of billions of dollars in cloud computing deals for its customers. If those customers end up not using all the computing power they signed up for, Nvidia could get stuck with it. Owning Hugging Face would give Nvidia the ability to sell that unused capacity to Hugging Face’s customers.

The price marks a huge jump from Hugging Face’s last known value. The company raised $235 million in 2023 in a funding round that valued it at $4.5 billion. That round was led by Salesforce Ventures, with money also coming from Alphabet’s GV, IBM Ventures, and Nvidia itself, among others.

This wouldn’t be Hugging Face’s first brush with an Nvidia offer, either. Hugging Face turned down a $500 million investment offer from Nvidia late last year that would have valued it at $7 billion, the Financial Times previously reported. Hugging Face said at the time it didn’t want a dominant investor that could sway its decisions.

As for why it would say yes now, one could argue that a buyout is different from taking on one giant backer — a scenario that often means ceding control while being pressured to continue growing.

Hugging Face is also still a comparatively small business by revenue in the world of AI. The Information reported it was recently generating about $150 million a year in revenue, up from roughly $100 million just two months earlier.

That growth has enabled the company to get “close to profitability,” as Delangue told TechCrunch last month. Still, a price near $13 billion would be a massive multiple for a company this size and hard to resist.

Not last, the deal would give Hugging Face access to Nvidia’s much deeper pockets just as other, AI infrastructure competitors start to get pulled into other outfits, as suggested by Stripe’s recent deal to acquire OpenRouter, a startup founded in early 2023 that helps customers select different AI models to perform different tasks depending on their needs and budget.

OpenRouter was valued at just $1.3 billion back in May during its Series B round. Stripe reportedly paid more than $7 billion to make it its own earlier this month.

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Nigerian troops kill over 50 terrorists, rescue kidnapped victims in nationwide operations

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The Defence Headquarters has said that the Armed Forces of Nigeria, AFN, have killed scores of terrorists, arrested suspected criminal collaborators, and rescued dozens of kidnapped victims during coordinated military operations across the country's six geopolitical zones.

It said that operations, conducted between October 30 and November 5, 2026, targeted terrorists, bandits, kidnappers, gunrunners and other criminal networks operating in different parts of the country.

According to a statement signed by the Director of Defence Media Operations, Major General Michael Onoja, on November 6, the military sustained its offensive operations to weaken criminal groups, disrupt their supply networks and improve security across the country.

It said that in the North-East, troops of Operation HADIN KAI successfully repelled terrorist attacks in Buni Yadi, Gujba Local Government Area of Yobe State, and Bitta, Gwoza Local Government Area of Borno State.

Following an attempted attack on Buni Yadi from the Timbuktu Triangle axis on October 29, the statement said that troops launched a counteroffensive, adding that subsequent clearance operations on October 30 led to the recovery of 48 terrorist bodies, 42 AK-47 rifles, five PKT machine guns, four general-purpose machine guns, a 60mm mortar, 105 magazines and two video cameras.

It said that further operations around Apama and Jauro Bashir on October 31 resulted in the recovery of three additional terrorist bodies, an AK-47 rifle and 188 rounds of ammunition, adding that troops also repelled an attempted infiltration of their position at Bitta, recovering seven terrorist bodies, four AK-47 rifles, an RPG tube, four RPG bombs, three RPG chargers, a PKM machine gun and a radio.

The military also recorded progress against terrorist networks in Borno and Yobe through arrests, rescues and voluntary surrenders. Between November 2 and 4, 12 terrorists and their family members surrendered at different locations, including New Abaram Resettlement Village and Banki Junction in Bama LGA. Some reportedly attributed their decision to increased military pressure and disagreements between rival JAS and ISWAP factions. Troops also rescued a female abductee who escaped from the Mandara Mountains.

In the North-West, the military said that Operation FANSAN YAMMA troops rescued several kidnapped victims during operations in Kebbi, Zamfara, Kaduna and other states. In Kebbi, troops responding to a distress call around Ribah in Danko/Wasagu LGA forced kidnappers to abandon seven captives.

It said that another four victims abducted from their farms were rescued after troops repelled an ambush along the Wasagu-Falfala Road, adding that additional search-and-rescue operations on November 3 led to the rescue of seven kidnapped persons from Sabon Tunga and Binoni villages in Kebbi State.

Meanwhile, the military said that troops arrested two suspects linked to kidnapping and cattle rustling in Sabon Gida, Chikun LGA of Kaduna State. A suspected terrorist seeking treatment for gunshot wounds at a clinic in Kagarko LGA was also apprehended with the assistance of the Department of State Services.

The statement added that in Plateau State, troops of Operation ENDURING PEACE intercepted a suspected terrorist during a stop-and-search operation at Kukawa Village in Kanam LGA on November 4, saying that the suspect was found with an AK-47 magazine and a round of 7.62mm Special ammunition. Preliminary investigations reportedly linked him to a criminal syndicate allegedly led by an individual identified as Kaura.

It said that across Benue, Kogi and Taraba states, troops of Operation WHIRL STROKE intensified operations against armed gangs and kidnapping networks. A raid on a criminal hideout in Edimogbo Forest on November 2 resulted in the recovery of 1,000 rounds of 7.62mm Special ammunition, seven bandoliers, six motorcycles and a mobile phone, adding that two suspected kidnappers were subsequently neutralised during another engagement, with troops recovering two AK-47 rifles, seven magazines and more than 5,000 rounds of ammunition.

It said that the operation continued on November 4 when troops stormed Obele Forest, where three suspected kidnappers were neutralised. Four AK-47 rifles, 12 magazines, 336 rounds of 7.62mm Special ammunition and three bandoliers were recovered. In another operation in Taraba State, troops responding to a kidnapping incident at Jeb Jeb Village in Karim Lamido LGA rescued six civilians, including a baby.

The statement said that the troops also arrested a suspected member of the Konyo Boys bandit group in Takum LGA of Taraba State on November 1. In Kogi State, a terrorist, his wife and two children surrendered at Atsawa, Lokoja LGA, bringing an AK-47 rifle, four rounds of ammunition and a radio. Separately, troops arrested a suspected logistics supplier accused of providing supplies to terrorists operating in Agbaja Forest. A suspected gunrunner was also apprehended in Gboko LGA of Benue State.

In Kwara State, the military said that troops working alongside members of the Vigilante Group of Nigeria ambushed suspected Ansaru terrorists at Nanu Village in Kaiama LGA on November 4, neutralising two of them. Another operation in Niger State led to the arrest of an injured suspected kidnapper at Dusai Village in Mariga LGA. Troops also rescued three people who had escaped from their captors in Lema-Ndeji Forest, Edu LGA of Kwara State.

Meanwhile, troops of Operation UDO KA maintained pressure on criminal elements in the South-East, recording successes in Abia and Anambra states. In Abia, troops rescued a kidnapping victim following an attack by gunmen on a compound at Okwe Ubahu Nneato in Umunneochi LGA on November 4. In Anambra, a search of a shop near the Marine Outpost at Otuocha, Anambra East LGA, uncovered a pump-action rifle, a damaged hunting rifle and 13 cartridges suspected to have been concealed for criminal activities.

The Defence Headquarters said the nationwide operations demonstrated the Armed Forces' determination to dismantle criminal networks, protect citizens and restore lasting peace. It noted that the successes recorded in Borno, Yobe, Kogi, Kwara, Kebbi and Niger states, among others, reflected the impact of sustained military pressure.

The Chief of Defence Staff, General Olufemi Olatunbosun Oluyede, commended troops for their courage and sacrifices, while paying tribute to an officer, a soldier and a civilian hunter who lost their lives in the line of duty. He also wished wounded personnel a speedy recovery and acknowledged the contributions of other security agencies.

The Defence Chief further called for stronger cooperation among security agencies, traditional rulers, community leaders and residents to consolidate the gains recorded. He urged citizens to provide credible information about suspicious activities through the nearest military formation or the toll-free emergency number 193.

He also warned against supplying criminals with logistics, engaging in mob action or spreading misinformation, while directing troops to remain disciplined, vigilant and combat-ready. The military reaffirmed its commitment to sustaining operations until peace, security and stability are restored across Nigeria.

Nigerian troops kill over 50 terrorists, rescue kidnapped victims in nationwide operations

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'How many times will you approve Ibom Deep Seaport' – NDC blasts Tinubu over 'endless lies'

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The Nigeria Democratic Congress, NDC, has blasted President Bola Tinubu over what it called the endless approval of the Ibom Deep Seaport.

In a statement by its spokesman, Osa Director, on Sunday, the party said the project has been approved many times by different governments, yet nothing has been done on the ground.

Director said the people of Akwa Ibom State have heard the same promise several times, adding that each time the government announces the approval, the people celebrate, but after the announcement, the project is forgotten.

"How many times will you approve Ibom Deep Seaport?" Director asked.

According to him, Tinubu's administration is playing with the hopes of the people of Akwa Ibom.

The NDC mouthpiece further stated that the approval has become an endless lie used to win votes during elections.

Director said the Ibom Deep Seaport is a big project that can create jobs and change the economy of Akwa Ibom and the whole South-South, noting that the project should not be used as a campaign tool.

He asked the Federal Government to stop announcing approvals and start work on the project, as the people want to see machines on site, not press statements.

He said if the government is serious, it should give a clear date for the start of work and the date for completion.

"The people of Akwa Ibom are tired of endless promises. They want action," Director said.

He said the NDC will continue to speak for Nigerians who are tired of promises without results.

‘How many times will you approve Ibom Deep Seaport’ – NDC blasts Tinubu over ‘endless lies’

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