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techcrunch ai · September 4, 2026

Nvidia bets on entire AI stack, Ternus era starts at Apple

nvidia acquires hugging face, invests in mediatek, amid apple's ceo transition to john ternus. ai stack control at stake.

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nvidia is making strategic moves to control the entire ai stack, including acquiring hugging face and investing in mediatek. this expansion comes as john ternus takes over as apple ceo, replacing tim cook who will focus on policy relationships. ternus' first memo hinted at a significant launch next week, possibly an iphone event. these developments may signal a shift in the tech industry's approach to ai, with nvidia and apple positioning themselves for future growth. the impact on the industry and shareholders remains to be seen.

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