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The biggest deal in AI infrastructure just got official. Nvidia is acquiring Hugging Face for just under thirteen billion dollars, with CEO Jensen Huang framing the move as a way to expand developer access to open-source AI tools worldwide. Analysts are calling Hugging Face one of the most valuable pieces of real estate in the AI ecosystem, and this deal pushes Nvidia decisively up the stack — from chips into platforms.
Shifting to monetary policy, Federal Reserve Governor Christopher Waller signaled Thursday that he will support holding interest rates steady at the September meeting, expressing confidence that inflation trends remain on track. Those remarks stand in notable contrast to comments last week from Chairman Kevin Warsh, and markets will be watching closely for any sign of growing division inside the Fed ahead of that decision.
On the geopolitical front, Estonia is accelerating its military posture along NATO's eastern flank, deploying drone systems and dragon's teeth barriers in direct response to the perceived Russian threat against the Baltic states. The buildout reflects a broader shift across Northern Europe toward layered, tech-forward defensive infrastructure as the security environment continues to deteriorate.
That's the tape. Markets Desk, signing off the floor.
