Nvidia Secures Open‑Source AI Platform Hugging Face in $12.9 B Deal
Nvidia announced that it has completed the acquisition of Hugging Face, the prominent open‑source artificial‑intelligence platform, in a transaction valued at approximately $12.9 billion. The deal, which was first reported by BBC News, includes a cash payment of about $11.9 billion to the investors who own Hugging Face, with an additional possibility of issuing up to $1 billion in stock‑based inc…
Sept. 4, 2026, 1:50 p.m.