Nvidia Purchases Open‑Source AI Hub Hugging Face for $12.9 Billion
Nvidia has closed a landmark transaction, acquiring the open‑source artificial‑intelligence platform Hugging Face for an estimated $12.9 billion. The deal, first reported by BBC News, stipulates that Nvidia will hand over about $11.9 billion to the investors who backed Hugging Face, while also setting aside as much as $1 billion in stock‑based incentives designed to retain key talent and ensure a…
Sept. 4, 2026, 1:50 p.m.