{
  "id": 5328382,
  "title": "Nvidia to buy Hugging Face for $13 billion in big bet on open AI models",
  "url": "https://urgent.news/2026/09/03/nvidia-to-buy-hugging-face-for-13-billion-in-big-bet-on-open-ai-models",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-03T12:11:52.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/nvidia-buy-hugging-face-13-billion-in-big-bet-open-ai-models-6360541"
  },
  "original_language": "en",
  "account": "Nvidia announced its acquisition of popular developer platform Hugging Face for $12.93 billion on September 3, 2021. The deal positions Nvidia as a key player in the market for open AI models, which users can freely download, run, and customize. Unlike closed systems developed by companies like OpenAI and Anthropic, this acquisition provides Nvidia with direct access to a platform where developers collaborate, test, and share tools. This could offer Nvidia valuable insight and data, helping it narrow the technology gap with top American and Chinese AI labs. Demand for open-weight models has surged as businesses seek to avoid high costs associated with deploying AI technology. Chinese companies like DeepSeek and Z.ai have emerged as significant players, producing models that rival those from the U.S. in tasks like generating computer code at a lower cost. This has raised concerns about potential American reliance on Chinese models as both nations compete to dominate this crucial technology. Hugging Face will remain an open platform for the entire AI ecosystem, according to Nvidia CEO Jensen Huang. Nvidia will pay $11.9 billion to Hugging Face investors, with an additional equity-based retention program of up to $1 billion for employees joining Nvidia.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "Financial Times",
        "title": "Nvidia to buy open-source AI platform Hugging Face for $13bn",
        "url": "https://urgent.news/2026/09/03/nvidia-to-buy-open-source-ai-platform-hugging-face-for-13bn",
        "published": "2026-09-03T12:00:01.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Nvidia to buy Hugging Face for $13 billion in big bet on open AI models",
        "url": "https://urgent.news/2026/09/03/nvidia-to-buy-hugging-face-for-13-billion-in-big-bet-on-open-ai-models-5329859",
        "published": "2026-09-03T12:11:52.000Z"
      },
      {
        "outlet": "The Verge",
        "title": "Nvidia is buying Hugging Face for almost $13 billion",
        "url": "https://urgent.news/2026/09/03/nvidia-is-buying-hugging-face-for-almost-13-billion",
        "published": "2026-09-03T12:12:06.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "Nvidia buying artificial intelligence platform Hugging Face for $13 billion",
        "url": "https://urgent.news/2026/09/03/nvidia-buying-artificial-intelligence-platform-hugging-face-for-13",
        "published": "2026-09-03T12:32:10.000Z"
      },
      {
        "outlet": "Phoronix",
        "title": "NVIDIA Acquiring Hugging Face For $12.93 Billion",
        "url": "https://urgent.news/2026/09/03/nvidia-acquiring-hugging-face-for-12-93-billion",
        "published": "2026-09-03T12:40:04.000Z"
      },
      {
        "outlet": "Wired Business",
        "title": "Nvidia’s Hugging Face Acquisition Is a $12.9 Billion Bet on Open-Source AI",
        "url": "https://urgent.news/2026/09/03/nvidias-hugging-face-acquisition-is-a-12-9-billion-bet-on-open-source",
        "published": "2026-09-03T12:43:09.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Nvidia is buying open-source AI platform Hugging Face for nearly $13 billion",
        "url": "https://urgent.news/2026/09/03/nvidia-is-buying-open-source-ai-platform-hugging-face-for-nearly-13",
        "published": "2026-09-03T12:50:46.000Z"
      },
      {
        "outlet": "Euronews",
        "title": "Nvidia to buy open-source AI hub Hugging Face for $12.9bn",
        "url": "https://urgent.news/2026/09/03/nvidia-to-buy-open-source-ai-hub-hugging-face-for-12-9bn",
        "published": "2026-09-03T13:00:32.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "Nvidia Buying AI Platform Hugging Face For $12.9 Billion",
        "url": "https://urgent.news/2026/09/03/nvidia-buying-ai-platform-hugging-face-for-12-9-billion",
        "published": "2026-09-03T13:00:32.000Z"
      },
      {
        "outlet": "Le Monde English",
        "title": "Nvidia announces purchase of AI platform Hugging Face for $12.9 billion",
        "url": "https://urgent.news/2026/09/03/nvidia-announces-purchase-of-ai-platform-hugging-face-for-12-9-billion",
        "published": "2026-09-03T13:23:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}