Nvidia to spend $13 billion on Hugging Face, which will remain an open source platform — Live Feedhttps://www.live-feeds.com/feed/nvidia-to-spend-13-billion-on-hugging-face-which-will-remain-an-open-source-platformContinuously updated, source-cited coverage. Nvidia Confirms $13 Billion Acquisition of Hugging Facehttps://www.live-feeds.com/feed/nvidia-to-spend-13-billion-on-hugging-face-which-will-remain-an-open-source-platformhttps://www.live-feeds.com/feed/nvidia-to-spend-13-billion-on-hugging-face-which-will-remain-an-open-source-platform#u59582Mon, 07 Sep 2026 07:05:12 +0000Nvidia CEO Jensen Huang confirmed a deal to acquire AI model distribution platform Hugging Face for $13 billion in a Thursday blog post. The acquisition will keep Hugging Face as an open platform, allowing Nvidia to expand further up the artificial intelligence stack. The transaction highlights how initial public offerings have become optional for venture-backed firms after Hugging Face drew 18 million developers and reached $150 million in annualized revenue. The move also counters growing competition as Broadcom gains ground with faster-growing custom AI chips and potentially pressures OpenA Nvidia Confirms $12.9 Billion Acquisition of Hugging Facehttps://www.live-feeds.com/feed/nvidia-to-spend-13-billion-on-hugging-face-which-will-remain-an-open-source-platformhttps://www.live-feeds.com/feed/nvidia-to-spend-13-billion-on-hugging-face-which-will-remain-an-open-source-platform#u59034Sun, 06 Sep 2026 13:37:34 +0000Nvidia confirmed a deal to acquire the AI model distribution platform Hugging Face for $12.9 billion. The transaction demonstrates that initial public offerings are now optional for venture-backed firms. Hugging Face reached $150 million in annualized revenue, drew 18 million developers, and raised nearly $395 million from investors including Amazon, Intel, Sequoia, and Coatue before accepting the chipmaker offer. The acquisition allows Nvidia to move beyond hardware and expand further up the artificial intelligence stack.Why it mattersTraditional technology firms have long viewed initial publ Nvidia acquires Hugging Face for $13 billion to expand open-source AIhttps://www.live-feeds.com/feed/nvidia-to-spend-13-billion-on-hugging-face-which-will-remain-an-open-source-platformhttps://www.live-feeds.com/feed/nvidia-to-spend-13-billion-on-hugging-face-which-will-remain-an-open-source-platform#u57700Sat, 05 Sep 2026 03:46:58 +0000Nvidia has entered a definitive agreement to acquire the AI platform Hugging Face for approximately $13 billion. The chipmaker intends to maintain Hugging Face as an open-source platform for open-weight models to support developers and researchers. The acquisition follows a request from the Hugging Face CEO, who approached Nvidia CEO Jensen Huang several weeks ago. While the deal aims to boost the developer ecosystem, industry leaders including Microsoft AI CEO Mustafa Suleyman have raised concerns regarding AI security and potential hacking incidents.Why it mattersHugging Face serves as a cen