Volkswagen is preparing for the largest restructuring in its 89-year history as Europe's biggest carmaker confronts falling profits, excess capacity and rapidly growing competition from China. The group's supervisory board has approved another 50,000 job cuts, bringing planned reductions to around 100,000 positions. Volkswagen is also reconsidering the future of four German plants and plans to halve its model portfolio while reducing product complexity by around 75% by 2035. The scale of the restructuring shows how serious the pressure has become. Yet Volkswagen has faced powerful foreign competitors before. Japanese carmakers challenged Europe's automotive industry from the 1970s onwards with…
Nvidia has agreed to acquire Hugging Face for nearly $13 billion, making one of its biggest moves yet beyond the chips that power the AI industry. The transaction includes approximately $11.9 billion for Hugging Face shareholders and up to $1 billion in equity-based incentives to retain employees joining Nvidia. The acquisition is expected to close in the first half of 2027, subject to regulatory approval. Hugging Face has become a central platform for developing, sharing, and deploying open AI models, datasets, and applications. More than 18 million developers, researchers, and creators use the platform, which hosts over three million models.…
