{ "id": 5336489, "title": "Nvidia to buy developer platform Hugging Face in $12.9bn deal", "url": "https://urgent.news/2026/09/03/nvidia-to-buy-developer-platform-hugging-face-in-12-9bn-deal", "topic": "ai", "section": "AI", "published": "2026-09-03T13:15:26.000Z", "source": { "name": "Guardian Business", "slug": "guardian-business", "url": "https://www.theguardian.com/technology/2026/sep/03/nvidia-to-buy-hugging-face-in-129bn-deal" }, "original_language": "en", "account": "American chipmaker Nvidia is set to acquire popular AI developer platform Hugging Face for approximately $13 billion, in what could be the company's largest deal yet. The acquisition aims to bolster Nvidia's support for open AI models and potentially offset any future decline in demand for its semiconductor chips.\n\nHugging Face, a New York-based startup founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, has garnered support from tech giants such as Intel, Advanced Micro Devices, and Amazon. The company provides developers with a platform to collaborate, test, and share tools, as well as datasets, software libraries, and cloud services for building and deploying AI applications.\n\nThe acquisition is particularly strategic for Nvidia, given its existing presence in the open AI space with the Nemotron model. By gaining direct access to Hugging Face's platform, Nvidia could potentially gain valuable insights and data, narrowing the technology gap with top American and Chinese AI labs.\n\nDemand for open-weight models has been on the rise, driven by businesses seeking to avoid the high costs of deploying such technology. Chinese companies like DeepSeek and Z.ai have emerged as significant players, offering models that rival the best from the US in tasks like generating computer code at a lower cost. This situation has raised concerns that US firms may become dependent on Chinese models, even as both countries vie for technological dominance.\n\nNvidia's CEO, Jensen Huang, emphasized that the acquired platform will remain open to the entire AI ecosystem, and Nvidia's chips will not be required for building or deploying through Hugging Face. To compensate Hugging Face investors, Nvidia will pay around $11.9 billion, while offering an equity-based retention program of up to $1 billion for employees joining the semiconductor giant.", "summary": "Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips. Shares in Nvidia were slightly lower after the $12.93bn (£9.57bn) deal – which ranks among…", "key_points": [], "editors_take": null, "illustration": null, "coverage": { "outlets": 12, "also_reported_by": [ { "outlet": "E24 Norway", "title": "Nvidia kjøper Hugging Face for nær 13 milliarder dollar", "url": "https://urgent.news/2026/09/03/nvidia-kj-per-hugging-face-for-n-r-13-milliarder-dollar", "published": "2026-09-03T12:07:11.000Z" }, { "outlet": "CNBC", "title": "Nvidia agrees to buy Hugging Face for almost $13 billion, expanding further up AI stack", "url": "https://urgent.news/2026/09/03/nvidia-agrees-to-buy-hugging-face-for-almost-13-billion-expanding", "published": "2026-09-03T12:07:56.000Z" }, { "outlet": "CNA - Business", "title": "Nvidia to buy Hugging Face for US$13 billion in big bet on open AI models", "url": "https://urgent.news/2026/09/03/nvidia-to-buy-hugging-face-for-us-13-billion-in-big-bet-on-open-ai", "published": "2026-09-03T12:11:00.000Z" }, { "outlet": "Expansion ES", "title": "Nvidia compra Hugging Face por 11.900 millones de dólares", "url": "https://urgent.news/2026/09/03/nvidia-compra-hugging-face-por-11-900-millones-de-dolares", "published": "2026-09-03T12:23:55.000Z" }, { "outlet": "The New York Times", "title": "Nvidia Buys Hugging Face in $12.9 Billion Deal", "url": "https://urgent.news/2026/09/03/nvidia-buys-hugging-face-in-12-9-billion-deal", "published": "2026-09-03T12:32:08.000Z" }, { "outlet": "Cointelegraph", "title": "Nvidia buys Hugging Face for $12.9B in push into AI software", "url": "https://urgent.news/2026/09/03/nvidia-buys-hugging-face-for-12-9b-in-push-into-ai-software", "published": "2026-09-03T12:41:11.000Z" }, { "outlet": "TechCrunch", "title": "Nvidia confirms it will buy Hugging Face for $12.9 billion", "url": "https://urgent.news/2026/09/03/nvidia-confirms-it-will-buy-hugging-face-for-12-9-billion", "published": "2026-09-03T12:42:45.000Z" }, { "outlet": "Variety", "title": "AI Giant Nvidia to Buy Hugging Face for $12.9 Billion", "url": "https://urgent.news/2026/09/03/ai-giant-nvidia-to-buy-hugging-face-for-12-9-billion", "published": "2026-09-03T12:59:29.000Z" }, { "outlet": "Semafor", "title": "Nvidia to buy Hugging Face for nearly $13 billion", "url": "https://urgent.news/2026/09/03/nvidia-to-buy-hugging-face-for-nearly-13-billion", "published": "2026-09-03T13:14:09.000Z" }, { "outlet": "Guardian Technology", "title": "Nvidia to buy developer platform Hugging Face in $12.9bn deal", "url": "https://urgent.news/2026/09/03/nvidia-to-buy-developer-platform-hugging-face-in-12-9bn-deal-5344315", "published": "2026-09-03T13:15:26.000Z" }, { "outlet": "The Business Times - Companies & Markets", "title": "Nvidia to buy Hugging Face for US$13 billion in big bet on open AI models", "url": "https://urgent.news/2026/09/03/nvidia-to-buy-hugging-face-for-us-13-billion-in-big-bet-on-open-ai-5344201", "published": "2026-09-03T14:33:10.000Z" } ] }, "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." }