Nvidia closes deal to own Hugging Face for $12.93 billion

Nvidia (NASDAQ: NVDA) has agreed to buy Hugging Face, the open-source platform where more than 18 million developers share and test AI models, for $12,930,300,000. The company’s CEO Jensen Huang announced the deal on its blog on September 3, 2026. Nvidia, which is the world’s largest AI chipmaker, will now control the most-used neutral hub...