Nvidia to spend $13 billion on Hugging Face, which will remain an open source platform
Yahoo Finance · Sep 3, 2026 · Meta Platforms Inc. (META)
Chipmaker Nvidia is buying artificial intelligence software platform Hugging Face for $13 billion. It’s the latest deal by the company, whose processors are integral to the AI boom, and highlights Nvidia's push to champion increasingly popular open-source AI models. Nvidia CEO Jensen Huang wrote in a blog post Thursday that more than 18 million developers, researchers and creators use Hugging Face to share more than 3 million models, 500,000 data sets and 1 million applications.
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