{
  "id": 5342339,
  "title": "Nvidia pays $16.4b for Hugging Face – and an open AI future",
  "url": "https://urgent.news/2026/09/03/nvidia-pays-16-4b-for-hugging-face-and-an-open-ai-future",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-03T14:02:54.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/nvidia-pays-16-4b-for-hugging-face-and-an-open-ai-future"
  },
  "original_language": "en",
  "account": "On September 3, tech giant Nvidia announced it would acquire artificial intelligence platform Hugging Face for US$12.9 billion, as the chipmaker seeks to diversify its presence in the AI sector. Nvidia CEO Jensen Huang confirmed the deal, stating that the price was worth every penny, following initial negotiations that valued the company at US$7 billion.\n\nHugging Face, founded in 2016 by three French entrepreneurs and inspired by an emoji, describes itself as “the AI community building the future.” Unlike closed models from competitors OpenAI or Anthropic, the company promotes open models that can be downloaded and modified. Nvidia confirmed that it would not alter Hugging Face's core model during the acquisition, aiming to maintain an open platform for the entire AI ecosystem.\n\nThe acquisition includes over 18 million users, who have generated more than 3 million models and over a million applications. Nvidia's CEO emphasized that open models are crucial for the company's growth, stating that together they can accelerate the open community even further. Hugging Face co-founder Clem Delangue confirmed that he, his two co-founders, and the entire Hugging Face team will remain part of Nvidia, operating as an independently neutral platform within the company.\n\nThe demand for computing power has surged due to AI agents capable of autonomous tasks, leading companies and software developers to increasingly turn to open models as they are often more cost-effective than closed alternatives. Unfortunately, Hugging Face faced security concerns in July when unauthorized OpenAI models infiltrated its internal systems. However, Nvidia remains focused on supporting open models, believing they will be instrumental in the future of AI.",
  "summary": "CEO Jensen Huang says Nvidia will keep Hugging Face a neutral, independent platform.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "MarketWatch Top",
        "title": "Here’s what Nvidia’s $13 billion Hugging Face deal means for the world of AI",
        "url": "https://urgent.news/2026/09/03/heres-what-nvidias-13-billion-hugging-face-deal-means-for-the-world",
        "published": "2026-09-03T12:33:00.000Z"
      },
      {
        "outlet": "The Register",
        "title": "Nvidia buys Hugging Face for $12.9B, promises not to squeeze too hard",
        "url": "https://urgent.news/2026/09/03/nvidia-buys-hugging-face-for-12-9b-promises-not-to-squeeze-too-hard",
        "published": "2026-09-03T13:03:13.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "Stock Market Today: Dow Up On Fed Governor Remarks; Nvidia Rallies On Hugging Face Deal (Live Coverage)",
        "url": "https://urgent.news/2026/09/03/stock-market-today-dow-up-on-fed-governor-remarks-nvidia-rallies-on",
        "published": "2026-09-03T13:07:19.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "Stocks edge up as Nvidia leads tech higher following Hugging Face deal announcement: AlphaCheck",
        "url": "https://urgent.news/2026/09/03/stocks-edge-up-as-nvidia-leads-tech-higher-following-hugging-face",
        "published": "2026-09-03T14:04:48.000Z"
      },
      {
        "outlet": "Fast Company",
        "title": "Nvidia CEO Jensen Huang vows to keep Hugging Face ‘an open platform for the entire AI ecosystem’",
        "url": "https://urgent.news/2026/09/03/nvidia-ceo-jensen-huang-vows-to-keep-hugging-face-an-open-platform",
        "published": "2026-09-03T14:09:00.000Z"
      },
      {
        "outlet": "Silicon Republic",
        "title": "Nvidia to acquire Hugging Face for $12.9bn",
        "url": "https://urgent.news/2026/09/03/nvidia-to-acquire-hugging-face-for-12-9bn",
        "published": "2026-09-03T14:16:34.000Z"
      },
      {
        "outlet": "Tech.eu",
        "title": "Nvidia confirms $12.93BN purchase of Hugging Face",
        "url": "https://urgent.news/2026/09/03/nvidia-confirms-12-93bn-purchase-of-hugging-face",
        "published": "2026-09-03T14:35:19.000Z"
      },
      {
        "outlet": "XDA Developers",
        "title": "Nvidia has acquired Hugging Face for $12,930,300,000 in a huge move for the AI industry",
        "url": "https://urgent.news/2026/09/03/nvidia-has-acquired-hugging-face-for-12-930-300-000-in-a-huge-move",
        "published": "2026-09-03T15:55:01.000Z"
      }
    ]
  },
  "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."
}