Xiaomi reported its second-quarter 2026 financial results, indicating a stabilisation after a period of competitive challenges. The technology organisation achieved revenue of approximately USD 15.02 billion. Adjusted net profit reached roughly USD 0.86 billion, with attributable net profit at about USD 1.30 billion, representing a quarterly doubling.

Nvidia is reportedly paying USD 12.9 billion for Hugging Face. This acquisition aims to secure the layer where developers select artificial intelligence models, influencing the open-weights ecosystem's growth and future compute demand. Hugging Face hosts 2.96 million public model repositories. However, 85.6 per cent are downloaded fewer than 200 times, with just 1.5 per cent accounting for 99.2 per cent of all downloads, according to its State of Open Models report.

Anthropic, the developer of the Claude chatbot, has introduced a research preview of its "Model Hardware Standard" (MHS). This framework enables artificial intelligence agents to control physical devices. Its intended applications include scientific research and advanced manufacturing, marking a new phase in automated system functionality.