TechnologyBusinessSeptember 4, 2026
Nvidia Makes $12.9 Billion Bet on Open AI With Hugging Face Deal
Nvidia plans to acquire AI developer platform Hugging Face for approximately $12.9 billion, dramatically expanding beyond chips into the ecosystem used to build and distribute open AI models. Nvidia says the platform will remain open, even as competition intensifies among chipmakers and artificial-intelligence companies.
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Hugging Face has become important infrastructure for the open-AI community. Owning the platform could extend Nvidia’s influence from the chips powering AI into the tools and models used by developers worldwide.
The deal will face scrutiny over whether Hugging Face can remain genuinely hardware-neutral under Nvidia. Developers, regulators and rival chipmakers will also watch how the acquisition affects the open-source AI ecosystem.
Hugging Face develops into a major open-AI platform
Nvidia dominates the AI accelerator market
AI companies increasingly develop alternative chips
Sep 3: Nvidia announces the $12.9 billion acquisition
Next: Regulatory review and integration of the two companies.
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1. reuters.comView Original
