The $12.93 Billion Emoji Joke

The $12.93 Billion Emoji Joke

September 5, 2026 · 46 min

About this episode

The episode discusses Nvidia's acquisition of Hugging Face for $12.93 billion and its implications for A.I. investment, rising bond yields, and a comparison between George Santos and Steve Ballmer.

This week: Nvidia joined Silicon Valley’s A.I. investment frenzy and bought Hugging Face for $12.93 billion. Felix Salmon , Elizabeth Spiers , and Emily Peck discuss what this deal signals about the astounding amounts of money being thrown around the relatively niche market of A.I. investment. Then, bond yields are on the rise and the hosts discuss why global concern is rising with them. And finally, what do George Santos and Steve Ballmer have in common? Felix will explain. In the Slate Plus episode: The $500 A.I.-powered Mouth Camera Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify . Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli. Hosted on Acast. See acast.com/privacy for more information.

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Hosts: Felix Salmon, Elizabeth Spiers, Emily Peck

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Organizations: Nvidia, Hugging Face

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