An article summarized by CNBC:
Nvidia has agreed to acquire Hugging Face, the popular open-source AI platform, for $12.9 billion. The deal marks a major expansion for Nvidia beyond its dominant position in AI chips, giving the company a much larger role in the software, models, and developer ecosystem that sits on top of its hardware.
Nvidia CEO Jensen Huang said Hugging Face will remain an open platform serving the broader AI ecosystem, while Nvidia plans to provide more infrastructure, resources, and scale. Hugging Face CEO Clément Delangue said he personally approached Huang about a potential deal, believing Nvidia would be the right company to help take open-source AI to its next stage of growth.
The acquisition is Nvidia's second-largest deal on record, following its roughly $20 billion purchase of assets from AI chip startup Groq in 2025. The move signals that Nvidia is increasingly trying to control more of the AI stack, from the chips powering AI systems to the platforms developers use to build, share, and deploy AI models.
