Anthropic is said to be seeking to raise as much as $100 billion in the offering, which could value the AI company at about $2 trillion. Anthropic is in talks with Nvidia about a potential $10 billion investment in what may be the biggest IPO in history, Reuters reported on Saturday, citing people familiar. The people said Anthropic is seeking to raise as much as $100 billion in the offering, which could value the AI company at about $2 trillion. The discussion is ongoing and could change, the people told Reuters, remaining anonymous amid the confidential negotiations. Read more
Nvidia agreed to buy Hugging Face for $12.93 billion, gaining a platform used by more than 18 million developers to share and deploy AI models. Update (Sept. 3, 1:30 PM UTC): This article was updated to clarify details of the acquisition. Nvidia has agreed to acquire Hugging Face for $12.93 billion, extending its reach into the software and tools developers use to build artificial intelligence. The chipmaker agreed to acquire Hugging Face, which serves more than 18 million developers and hosts over 3 million models, Nvidia CEO Jensen Huang said in a Thursday announcement. Read more
Bitcoin and crypto joined US stock markets in fresh gains after Nvidia Q2 earnings beat expectations by around $4 billion. Bitcoin (BTC) rebounded toward $81,000 around Thursday’s Wall Street open as Nvidia earnings boosted US stocks. Key points: Read more
Eligible retail and institutional users can use tokenized shares of Nvidia, Apple, Tesla and three other US companies across Bybit’s trading and lending products. Dubai-based crypto exchange Bybit has enabled six tokenized stocks to serve as collateral for margin trading and lending products, expanding the financial utility of blockchain-based equities. The update allows eligible retail and institutional users to use tokenized shares of Nvidia (NVDAX), Robinhood (HOODX), Circle (CRCLX), Tesla (TSLAX), Alphabet (GOOGLX) and Apple (AAPLX) as collateral for margin trading and borrowing through Bybit’s Unified Trading Account, Crypto Loans and Institutional Loans. The feature is available subject to Bybit’s lending terms and product availability. Bybit first introduced xStocks in June through a partnership with tokenization platform Backed, listing more than 60 tokenized US stocks and exchange-traded funds on its spot market. The assets are backed 1:1 by the underlying securities, which are held by a regulated cu...
Nvidia’s planned bond sale reinforces booming AI infrastructure demand, strengthening the case for Bitcoin miners pivoting toward AI data centers. Chipmaker Nvidia has reportedly become the latest company to tap the AI debt boom with a planned $20 billion bond offering, underscoring the relentless demand for AI infrastructure and data centers that has also created new opportunities for Bitcoin miners diversifying beyond crypto. On Monday, Bloomberg reported that Nvidia is seeking to raise at least $20 billion through a multi-part bond sale to help finance AI-related investments and refinance existing debt. Citing people familiar with the matter, the report said Nvidia plans to issue notes across seven maturities ranging from two to 30 years, with the longest-dated bonds expected to yield roughly 0.9 percentage points above comparable US Treasury securities. Read more
Bitcoin struggles to overcome US selling pressure with markets on edge ahead of Nvidia's Q1 earnings report. Bitcoin (BTC) halted its latest recovery at Wednesday's Wall Street open as US traders sold off. Key points: Read more
Nvidia’s Vera Rubin slashes AI costs, challenging decentralized GPU networks like Render that thrive on scarce and underused computing power. Computing powerhouse Nvidia’s Rubin platform can cut the cost of running advanced AI models, a claim that challenges crypto networks built to monetize scarce GPU compute. Officially launched Monday at CES 2026, Rubin is Nvidia’s new computing architecture that improves the efficiency of training and running AI models. It is deployed as a system of six co-designed chips — branded under the Vera Rubin name in honor of the American astronomer Vera Florence Cooper Rubin — and is now in “full production,” Nvidia CEO Jensen Huang said. For crypto projects built on the assumption that compute stays scarce, those gains can challenge the economics behind their models. Read more
Nvidia has posted a record quarterly revenue, which has helped dampen fears of an AI bubble and lift crypto and tech stocks. Tech and crypto stocks rose in after-hours trading on Wednesday after chip maker Nvidia’s third-quarter earnings beat expectations on the top and bottom line, allaying fears of an AI bubble. Nvidia reported record revenue of $57 billion for its third quarter ended Oct. 26, up 62% from a year ago and beating Wall Street projections of $54.7 billion. The company reported a profit of $31.9 billion, a 65% increase from last year and surpassing analyst expectations. It also gave a higher-than-expected guidance of $65 billion in revenue for its fourth quarter, suggesting the appetite for artificial intelligence isn’t yet slowing down. Read more
Bitcoin jumped 4% as US equities dropped ahead of Nvidia’s earnings report, but onchain data noted weak institutional demand. Does data show BTC's rebound as a sign of spot buying? Key takeaways: Bitcoin rebounded 4% from a key range under $90,000, outperforming US equities on Tuesday. Tech stocks slid ahead of Nvidia’s pivotal Q3 earnings, which may determine the next phase of the AI trade. Read more
Circular AI investments among Nvidia, OpenAI and AMD have shown similarities to the dot-com bubble, which could spill over to harm the crypto market. Key takeaways: Bitcoin’s correlation with Nvidia has surged to 0.75, its highest in a year. Analysts fear such a correlation may result in BTC price dropping by up to 80%. Read more