Four things that happened in tech worth knowing. Two lines each, link to the source.
Z.ai open-sources GLM-5.3 Flash, the first natively multimodal GLM-5
Z.ai, the Chinese company formerly known as Zhipu AI, released GLM-5.3 Flash: an open-weight model with 320 billion parameters, only 18 billion of them active, a one-million-token context window, and image and video input. Performance lands close to the flagship GLM-5.2 at a tenth of the cost, with launch API pricing at $0.075 per million input tokens through September 9. It shows how short the competitive edge between one model and the next has become.
Nvidia nears a $12.9 billion deal for Hugging Face
According to sources cited by CNBC and Bloomberg, Nvidia has reportedly agreed to buy Hugging Face, the open source hub where developers upload and share AI models, for $12.9 billion. It would be Nvidia's largest acquisition ever, topping the $7 billion it paid for Mellanox in 2020, and would push the chipmaker past hardware into control of a key hub of the model ecosystem. Neither company has confirmed the deal, and it could still fall apart.
Meta pays up to $18 billion to settle child-safety lawsuits
Meta agreed to pay up to $18 billion to settle a multistate lawsuit claiming it deliberately designed Facebook and Instagram to be addictive for minors, harming their mental health. The settlement covers 48 states, the District of Columbia and three U.S. territories, will be paid out over ten years, and requires Meta to add daily time limits for teens, nighttime blocks and stricter age checks. The company admits no wrongdoing.
Samsung launches the Galaxy S26 FE at $699
Samsung unveiled the Galaxy S26 FE, with a 6.7-inch AMOLED display, an Exynos 2500 chip, a 4,900 mAh battery with 45W charging, and a 50, 12 and 8 megapixel triple camera. The phone starts at $699.99, fifty dollars more than last year's model, and ships with Android 17 and seven years of guaranteed security updates. It goes on sale September 4.
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