Nvidia’s Latest AI Bet Is a $12.9 Billion Purchase of Hugging Face

SANTA CLARA, United States — Nvidia has agreed to acquire Hugging Face, a widely used platform for open-source artificial intelligence, for $12.9 billion. The chipmaker announced the agreement on Thursday, September 3, 2026. Under the terms of the transaction, Nvidia will pay about $11.9 billion to Hugging Face shareholders…
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