Nvidia to buy Hugging Face in $12.9bn deal, betting on open AI models
nordicinst · x · 2026-09-03
The Guardian reports Nvidia will acquire developer platform Hugging Face for about $12.93bn (£9.57bn), one of its biggest deals ever, with shares dipping slightly on the news.
- Rationale: Nvidia bets open-model support can offset a potential chip-demand slowdown, while direct access to the platform gives insight and data to close the gap with top US and Chinese labs.
- Background: Hugging Face was founded in 2016 by French entrepreneurs Clément Delangue, Julien Chaumond and Thomas Wolf, backed by Intel, AMD and Amazon.
- Context: Demand for open-weight models is surging as businesses balk at deployment costs, with Chinese players like DeepSeek and Z.ai matching top US models; Nvidia already ships the widely used Nemotron open models.
Related event: NVIDIA Officially Acquires Hugging Face for $12.93 Billion(93 posts)→
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