NBA star Kevin Durant put $250,000 into Hugging Face. Nvidia's (NVDA) reported deal makes it worth about $60 million.
Nvidia (NVDA) is reportedly buying Hugging Face for $12.9 billion, and NBA star Kevin Durant's $250,000 early stake may be worth more than $60 million. His firm also got into Coinbase at a $1.6 billion valuation and Whoop at $125 million.
Saudi Arabia's wealth fund now holds $26 billion of SpaceX (SPCX). That's 70% of its US stock book.
Saudi Arabia's sovereign wealth fund now holds more SpaceX than any other US stock, a $26 billion position that surfaced in a 13F this week. A 13F only tells part of the story, though.
Bill Ackman buys Netflix (NFLX) again after a $400 million loss
Bill Ackman's Pershing Square disclosed a new Netflix (NFLX) stake in its interim report, four years after selling near the lows for a loss above $400 million.
Anthropic says it never asked to ban open-weight AI. Dario Amodei does want China cut off from Nvidia (NVDA) chips.
Dario Amodei answered the Nvidia-hosted open-weights letter on July 27, three days after Anthropic became the only major AI lab to skip it. He says a ban was never the ask. What he does want is China cut off from US chips, a crackdown on industrial-scale distillation, and mandatory safety testing for every capable model, open or closed.
Nvidia (NVDA) and 34 other companies told Washington not to restrict open-weight AI. OpenAI signed a day late. Anthropic still hasn't.
The Open Weights and American AI Leadership letter asks Washington not to restrict AI models anyone can download. It went from 25 signatures to 35. OpenAI added its name after sitting out the launch, Google's CEO backed it without signing, and Anthropic declined to comment. Update, July 27: the list has since grown to 133 names, and both Google and Amazon signed.
Uber's $20 million Lime (LIME) buy is now official, and its stake tops 23%
A July 2 SEC filing confirms Uber Technologies bought $20 million of Lime stock at its $25 IPO price, following through on a pre-IPO commitment. The same filing shows old convertible notes converting into equity too, taking Uber's total Lime stake to about 23 percent of the company.
Nancy Pelosi's latest disclosure: Intel and Uber, then and now
Nancy Pelosi's household disclosed new call options on Intel and Uber. What the filing says, what the strike and dates mean, and how both stocks have moved since.