https://www.live-feeds.com/feed/nvidia-acquires-open-source-ai-platform-hugging-face-for-12-9bnContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nvidia-acquires-open-source-ai-platform-hugging-face-for-12-9bnhttps://www.live-feeds.com/feed/nvidia-acquires-open-source-ai-platform-hugging-face-for-12-9bn#u60672Mon, 07 Sep 2026 23:31:15 +0000Nvidia announced on September 3, 2026, a definitive agreement to acquire open-source AI platform Hugging Face for $12.93 billion. The deal consists of approximately $11.9 billion in cash and up to $1 billion in equity retention for staff. The acquisition moves Nvidia into open-source software infrastructure and shifts the company beyond its primary role as a hardware provider. Hugging Face leadership describes the move as a turning point for open-source AI.Why it mattersNvidia previously dominated the AI sector as a chipmaker. By acquiring a major host for open-weight models, the company imple https://www.live-feeds.com/feed/nvidia-acquires-open-source-ai-platform-hugging-face-for-12-9bnhttps://www.live-feeds.com/feed/nvidia-acquires-open-source-ai-platform-hugging-face-for-12-9bn#u58401Sat, 05 Sep 2026 19:37:24 +0000Nvidia is acquiring Hugging Face, a host for open-weight AI models, in a deal valued at approximately $12.9 billion to $13 billion. The Hugging Face CEO told CNBC that the platform approached Nvidia CEO Jensen Huang regarding the acquisition several weeks ago. The deal is viewed by some analysts as strategically valuable and a defensive move that extends Nvidia's influence beyond hardware. Following the announcement, Hugging Face founders are each worth $1.8 billion, and Jensen Huang's net worth is approaching $200 billion.Why it mattersHugging Face serves as a central repository for