Bloomberg's Caroline Hyde breaks down the main takeaway from the Senate Banking Committee hearing on Capitol Hill. Plus, Ed Ludlow is live in San Jose as AMD unveils its new AI chip.

AI Spending Ripples Across Tech Stack; Nvidia Acquires Hugging Face
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Nvidia Nears $14B Hugging Face Deal
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Anthropic’s Compute Bet, Musk on AI, Apple’s New CEO
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