Evening Scan

Nvidia's earnings steadied the AI trade. By evening, deal activity resumed: Nvidia acquired Hugging Face, Anthropic avoided a Pentagon blacklist, Salesforce hit a three-year high. The PayPal buyout that had been in talks all summer collapsed without explanation.

Nvidia reportedly acquires Hugging Face for $12.9B

The open-source AI world's favorite neutral platform now has a very non-neutral owner. (SiliconANGLE)

Advent and Stripe drop their PayPal takeover pursuit (paywall)

A $53B offer walked away from the table with no explanation, which is its own kind of explanation. (Bloomberg)

Judge blocks Pentagon's Anthropic blacklisting

A win for Anthropic as it shapes its IPO plans. (Reuters)

Panic is refunding tariff fees to Playdate buyers

A small, honest gesture from a small, honest hardware company — the palate cleanser this news cycle needed. (Game Developer via Daring Fireball)

"Illegal and baseless." — the federal judge blocking the Pentagon's Anthropic blacklist, via *Reuters