Published by CNBC on
Category: Markets
Retirement account balances rose in the second quarter amid market gains, according to Fidelity. At the same time, more savers tapped their accounts for cash.
Read full original story at CNBC60-word intelligence for high-speed updates.
Explore Hub
Real-time financial intelligence from global streams.
Google just dropped its next big weather bet. Scientists at Google DeepMind and Google Research today released WeatherNext 3, a new AI forecasting model that sees atmospheric patterns with more clarity and updates predictions more frequently than its predecessors. It's the latest sign that deep learning is quietly rewriting how meteorology works, and Google says the model will soon power features across its own products. Google just made its latest move in the race to reinvent weather forecasting with artificial intelligence. Scientists at [Google DeepMind](https://deepmind.
The San Francisco 49ers and the L.A. Rams are playing the NFL's first-ever game in Australia, marking an expanded push to grow the game internationally.
XTGlobal Infotech announced its selection as a qualified technology partner under a multi-year Cloud Engineering and Technical Services program for a U.S. State Government technology authority. The agreement carries an initial two-year term with three additional one-year renewal options, creating a potential five-year contracting framework.
Connect your accounts, track total net worth, and receive smart analytics triggers inside a unified monitoring hub.
Scientists at Google Deepmind and Google Research released a new artificial intelligence model for weather forecasting today that sees our changing atmosphere more clearly and predicts its behavior more often. WeatherNext 3 is the latest wave of a sea change in meteorology brought out by deep learning techniques, and Google says it will start feeding […]
Article URL: https://neil.fraser.name/news/2026/09/03/ Comments URL: https://news.ycombinator.com/item?id=49550772 Points: 177 # Comments: 48
Snowflake shares jumped 26% to $384 after the company reported a 37% rise in product revenue for the quarter, surpassing Wall Street expectations. Its updated outlook predicts $6.07 billion in product revenue for the fiscal year, fuelled by increased AI and cloud platform adoption.
Article URL: https://chatgpt.com/ Comments URL: https://news.ycombinator.com/item?id=49550614 Points: 274 # Comments: 203
During the Belgian state visit to India, Thales and Kalyani Strategic Systems (KSSL), the wholly-owned defence subsidiary of Bharat Forge, signed a Strategic Alliance Agreement to explore collaboration on both the unguided and laser-guided variants of Thales' 70-mm rocket systems, which are already in use by the Indian Armed Forces.
To establish local manufacturing of small arms and C-UAS systems
To collaborate on integration of Safran's engine data with Ramco Aviation Software
CreditAccess Grameen has successfully raised Rs 300 crore in September 2026 through private placement of non-convertible debentures (NCDs). The issue launched was fully subscribed and bilaterally placed with Barclays Bank PLC, a qualified institutional buyer.
RBI data showed banks mobilised $127.2 billion through FCNR(B) deposits, while analysts expect the inflows to support liquidity, credit growth and lower rates
With executable order pipeline of Rs 846 cr till Dec'26
Tyson Foods has revised down its profit and sales targets for fiscal 2026 due to rising challenges within the beef segment. The company anticipates that declining cattle prices will adversely impact its margins. To adapt to these industry-wide cattle-cycle dynamics, Tyson Foods plans to either close or sell three of its beef plant operations.
Campbell's is aiming for substantial cost savings by 2030, after announcing a cut to its quarterly dividend to focus on debt reduction. In a surprising turn, the company's fourth-quarter revenue fell more sharply than expected by analysts. In this context, many lower-income consumers are moving to more affordable brands and store labels, leading Campbell's to revise prices across its entire product range.
A year after taking the permanent CEO seat at [Sonos](https://www.sonos.com), Tom Conrad is ready to cash in his chips. In a wide-ranging interview on [The Verge's Decoder podcast](https://www.theverge.com/podcast/988368/sonos-ceo-tom-conrad-ai-smart-home-fabric-app-redesign), Conrad laid out Sonos 27, a newly named software platform, MCP support for outside AI assistants, and fresh hardware, marking the company's clearest bid yet to move past its 2024 app disaster. [Sonos](https://www.sonos.com) just told the world it's done apologizing and ready to build again.
The Dow Jones Industrial Average rose 0.74%, the S&P 500 gained 0.54%, the Nasdaq Composite gained 0.61%
For delay in completion of 'Ashiana Dwarka' Phase-5 located at Jodhpur
Retirement account balances rose in the second quarter amid market gains, according to Fidelity. At the same time, more savers tapped their accounts for cash.
FCNR(B) deposits could boost banks’ return on equity despite a mild impact on net interest margins, according to Anand Rathi. Exemptions from reserve requirements, capital-efficient lending and longer tenors could improve returns. The brokerage analysed four scenarios, including deposit costs, leverage and rising rates, to assess the scheme’s benefits.
FCNR(B) deposits could boost banks’ return on equity despite a mild impact on net interest margins, according to Anand Rathi. Exemptions from reserve requirements, capital-efficient lending and longer tenors could improve returns. The brokerage analysed four scenarios, including deposit costs, leverage and rising rates, to assess the scheme’s benefits.
Nvidia just pulled back the curtain on its first wave of RTX Spark-powered machines at IFA 2026, and the pitch is simple: run serious AI models locally, no cloud required. Laptop and mini PC makers lined up alongside Nvidia to show off the new silicon, marking what could be the real starting gun for the so-called AI PC category that chipmakers have been teasing for two years. Nvidia just gave the world its first real look at machines built around the RTX Spark chip, and it did it on a big stage. At [IFA 2026](https://www.ifa-berlin.
Oil prices have gained more than 7% this week The U.S. and Iran have traded military strikes this week for the first time since July.
On September 4, PC Jeweller is expected to attract attention after announcing further debt repayments, clearing dues to nine consortium banks. The company is on track to achieve a debt-free status within the month, supported by improved quarterly financial performance.
Low participation, abrupt price swings refuse to go away, a month after Sebi introduced the closing auction session framework for better price transparency
Wall Street’s main indexes opened higher on Thursday after Federal Reserve Governor Christopher Waller said he was open to keeping interest rates unchanged this month if data confirms cooling inflation pressures. The Dow Jones, S&P 500 and Nasdaq Composite all gained at the open, extending gains across major US indexes.
US stocks traded higher as Fed Governor Christopher Waller said he could support holding interest rates steady if inflation continues to cool. Investors are now watching Friday's jobs data for clues on the Fed's next move, while rising oil prices and Middle East tensions remain key risks for markets.
From REC Power Development and Consultancy
Innovision secures Mangapatnam Fee Plaza toll collection contract of Rs 48.52 cr
Wall Street's pre-market playbook this Thursday leans heavily on Washington and Detroit as much as it does on Silicon Valley. CNBC's daily "five things to know" digest flags a G20 huddle on artificial intelligence rules, an upcoming earnings print from cloud-data darling Snowflake, and a fresh production push at Ford as the stories investors are watching before the opening bell, even though the wire's own writeup stayed thin on specifics. Every trading morning, [CNBC](https://www.cnbc.
Amazon's self-driving unit Zoox just planted its flag in one of the most lucrative corners of the ride-hailing business: airport pickups. The company is rolling its robotaxi service out to Las Vegas's Harry Reid International Airport, according to [TechCrunch](https://techcrunch.com/2026/09/03/amazons-zoox-expands-its-robotaxi-service-to-las-vegas-airport/), just weeks after it started actually charging riders for trips. For a company that's spent years testing in closed loops, this is the moment it starts looking like a real business.
*NeoMME*: an efficient Multimodal-native and Multilingual Encoder
Black's attorneys say the NDAs being sought by the panel have nothing to do with his dealings with Jeffrey Epstein.
At IFA 2026, Nvidia and its partners showed off the first RTX Spark-powered laptops and mini PCs, designed to run AI models right on your computer.
Nvidia has agreed to acquire Hugging Face in a deal worth almost $13 billion, according to [CNBC](https://www.cnbc.com/2026/09/03/nvidia-agrees-to-buy-hugging-face-for-almost-13-billion-ai-expansion.html). The move hands the world's most valuable chipmaker control over the internet's biggest open-source AI hub, and it comes just weeks after Hugging Face reportedly approached Nvidia CEO Jensen Huang about a potential tie-up. Nvidia just made its boldest move yet to lock down the entire AI stack.
Nvidia just made its biggest bet yet on owning the entire AI stack. The chipmaker has agreed to buy Hugging Face for $12.93 billion, scooping up the platform that hosts the largest library of open-source AI models, datasets, and tools on the internet. It's a deal that hands the world's most valuable AI hardware company direct control over the software layer where most developers actually build. Nvidia just made its boldest move yet to lock down every layer of the AI stack. The company has agreed to buy Hugging Face for $12.
NVIDIA just made its boldest AI infrastructure bet yet. The chipmaker announced Thursday it has agreed to acquire Hugging Face, the open-source AI platform used by millions of developers, for $12,930,300,000. The deal, revealed by CEO Jensen Huang, signals NVIDIA's push to own not just the hardware powering AI but the software layer where developers actually build. NVIDIA is done just selling the shovels in the AI gold rush. It wants to own the mine too.
Snowflake is the big earnings winner, and Broadcom CEO Hock Tan offered bullish long-term AI targets.
The long-rumored deal will give the chip giant access to—and help it promote—a huge repository of open-source AI models and data sets.
Nvidia said Hugging Face hosts over 3 million models and is used by over 18 million developers.
In remarks that seem to contrast with statements last week from Chairman Kevin Warsh, Waller expressed confidence in the current inflation trends.
Powered by Capital Market - Live News
Prestige Estates has finalized a significant joint development agreement for a housing project in Gurugram, aiming to generate an impressive revenue of Rs 5,600 crore. This development will span across a substantial 17.14-acre land parcel in Sector 109. As part of their growth strategy, the company is also extending its footprint in the Delhi-NCR area, with additional projects underway in Ghaziabad and Noida.
Early Thursday trading saw Indian government bonds lose their initial gains as stronger dollar inflows were overshadowed by soaring oil prices. Traders covering short positions led to better performance in shorter maturities. Abundant liquidity helped reduce overnight indexed swap rates, but the spike in oil prices heightened concerns about India's inflation trajectory and fiscal integrity.
Sebi's proposal aims to reduce temporary liquidity requirements and improving settlement efficiency for mutual fund schemes
Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stock futures subdued as investors weigh oil prices, Middle East tensions and earnings
Article URL: https://blogs.nvidia.com/blog/nvidia-to-acquire-hugging-face/ Comments URL: https://news.ycombinator.com/item?id=49548952 Points: 157 # Comments: 44
Anthropic's fight to protect its frontier AI models just got a lot messier. According to a new [CNBC report](https://www.cnbc.com/2026/09/03/anthropic-distillation-battle-turns-to-dark-web-china-concerns-swell.html), foreign adversaries have been illegally accessing the company's proprietary systems, distilling them into cheaper knockoffs, and quietly reselling those copies on dark web marketplaces. It's the clearest sign yet that the AI arms race has spilled into black-market territory, and Washington is watching closely.
Nvidia CEO Jensen Huang said that with Hugging Face, the chipmaker will "expand access to AI for developers and institutions worldwide."
Sensex experienced a sharp 2,100-point drop during the closing auction session on expiry day, causing a massive surge in out-of-the-money put options. This volatility highlights ongoing concerns about the closing auction session’s impact on index derivatives pricing.
Indian markets extended losses on Thursday, with the Sensex falling nearly 0.6% and the Nifty declining 0.17% as geopolitical tensions and elevated crude prices weighed on sentiment. Realty stocks outperformed, while IT stocks lagged. Here’s a look at the top Nifty and Sensex gainers and losers, along with the technical outlook.
The key equity benchmarks ended lower for the fourth consecutive session on Thursday, 3 September 2026, as gains in banking and realty stocks were offset by selling in IT, auto and other sectors.
Powered by Capital Market - Live News
Meta settled its child safety case. Now comes the hard part of actually implementing changes to its social media platforms. Here's what to expect.
The personal investment firms of titans like Stanley Druckenmiller are backing innovations in gene editing, drug discovery and more.
Here's how financial pros say you can tell if you're on track to retire, and how to catch up if you've fallen behind.
Latest modeling shows high risks of floods, drought and extreme heat persisting until February 2027.
Cumulative funds raised by non-retail schemes rose to $22.93 billion, while the number of fund management entities increased to 235 at the end of the June quarter
US stock futures showed mixed results on September 3, following gains in major indices. Bond yields fell, while inflation concerns lingered, as traders anticipated interest-rate hikes from central banks amid rising oil prices.
Foreign adversaries have been illegally accessing American AI systems to train competing technology, and selling copycat versions at a lower price.
Restaurant menus are getting a strange makeover. Diners across social media are sharing screenshots of eerily plastic, oddly proportioned food photos that were clearly generated by AI, and the internet can't stop laughing, or cringing. According to [Wired](https://www.wired.com/story/ugly-ai-food-photos-are-only-the-beginning/), the viral trend is just the visible tip of a much bigger shift happening behind the scenes at restaurants everywhere. It started as a joke on social media: screenshots of restaurant menus featuring food photos that look almost right but not quite.
The proposal would extend to domestic mutual funds a facility that the Sebi already permitted for foreign portfolio investors earlier this year
