https://www.live-feeds.com/feed/why-this-veteran-tech-ceo-is-impressed-by-nvidia-s-jensen-huang-buying-hugging-face-for-12-9-billionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/why-this-veteran-tech-ceo-is-impressed-by-nvidia-s-jensen-huang-buying-hugging-face-for-12-9-billionhttps://www.live-feeds.com/feed/why-this-veteran-tech-ceo-is-impressed-by-nvidia-s-jensen-huang-buying-hugging-face-for-12-9-billion#u57943Sat, 05 Sep 2026 08:35:53 +0000Nvidia has acquired open-source artificial intelligence platform Hugging Face for $12.9 billion, extending an aggressive spending spree under CEO Jensen Huang. The transaction has drawn praise from a veteran tech CEO, who views the move as a strategic defensive play extending far beyond traditional chip manufacturing. Founded by French entrepreneurs, Hugging Face anchors a major development in the artificial intelligence sector as chipmaker giant Nvidia absorbs the widely used open-source developer hub.Why it mattersThis high-stakes acquisition highlights how hardware leaders are rapidly conso