Nvidia confirms $13B acquisition of Hugging Face, doubling down on open-source AI
nordicinst · x · 2026-10-02
Nvidia confirmed it will acquire Hugging Face, "the GitHub of AI," in a deal valued at about $13 billion — its latest bet on the open-source AI ecosystem. Jensen Huang said open models "strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty." Notably, Hugging Face rejected a $500M Nvidia investment last year (at a $7B valuation) to avoid a single dominant investor, but this summer it was Hugging Face that approached Nvidia, per CEO Clément Delangue on CNBC.
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