Bloomberg's Caroline Hyde breaks down Intel's $7.9B chips grant from the Biden Administration and how it will boost US chip production. Plus, California proposes state incentives for EV buyers which would exclude Tesla models, and social media companies push back against new legislation in Australia that could limit teen usage.

Anthropic Builds Its War Chest Ahead of IPO
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AI Spending Ripples Across Tech Stack; Nvidia Acquires Hugging Face
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Nvidia Nears $14B Hugging Face Deal
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