TechCrunch Industry News

Hugging Face's CEO pledged to keep fighting for open-source AI after Huang's exit, raising questions about Nvidia's $12.9B acquisition.

Plus, SoftBank lost over $3 billion pre-ordering natural gas turbines to power AI data centers. Here's what the loss means to power markets.

And, United Airlines said it will not allow customers to use AI agents to book flights and manage reservations.
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Nvidia CFO Colette Kress is taking over for as an interim replacement for longtime CEO Jensen Huang, who is embroiled in scandal.
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“There are a lot of senior people in the industry that know this is happening, and are effectively condoning it,” an investment intel consultant said.

Also, sales of $10B represents an almost 50% jump from revenue of $6.7 billion the company recorded in the second quarter.
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New York is preparing to enforce its sweeping AI safety law, requiring major developers like OpenAI and Anthropic to register, disclose safety practices, and report critical incidents or face fines.

Also, OpenAI rolls out new business profiles, making ChatGPT just a little bit more like Google
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Nvidia’s stock slid more than 4% after its board opened an investigation into Jensen Huang’s relationship with a suspected Chinese spy, and one securities law expert says the company’s earlier insistence that it was all “normal” could turn into a very expensive problem.
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