Nvidia has agreed to acquire Hugging Face, a popular open-source AI platform, for approximately $12.93 billion. The deal aims to enhance Nvidia's infrastructure and expand AI access globally, while Hugging Face will remain independent and open, focusing on empowering developers.
The acquisition will give Nvidia access to a large community of developers and researchers, with over 18 million developers using Hugging Face. The platform will remain open and independent, allowing developers to choose their preferred models and tools.
Nvidia's CEO, Jensen Huang, sees this deal as a strategic move to expand Nvidia's presence in open-source AI. The deal is expected to boost demand for computing and enhance Nvidia's AI ecosystem.
In other news, Nvidia's second-quarter revenue more than doubled to $96.2 billion, driven by AI demand. The company's growth is driven by AI demand, but it faces risks from supply constraints and competition.
Databricks is also making strides in AI, empowering marketers with AI-driven insights. Additionally, Google's AI leadership has drawn investment from Berkshire Hathaway, which increased its stake in Alphabet.
Other companies, such as Toast, are leveraging AI to drive growth. Toast raised its 2026 outlook due to stronger subscription and fintech performance, driven by its AI-driven tools.
Key Takeaways
• Nvidia acquires Hugging Face for $12.93 billion to enhance its infrastructure and expand AI access globally. • Hugging Face will remain independent and open, focusing on empowering developers. • The deal gives Nvidia access to a large community of developers and researchers, with over 18 million developers using Hugging Face. • Nvidia's second-quarter revenue more than doubled to $96.2 billion, driven by AI demand. • Databricks empowers marketers with AI-driven insights. • Google's AI leadership drew investment from Berkshire Hathaway. • Toast raised its 2026 outlook due to stronger subscription and fintech performance driven by AI. • The University of Hawaii at Manoa received $2 million to develop AI tools for food safety. • Asana's AI pricing shift is expected to bring near-term revenue pressure.Nvidia buys Hugging Face for $12.93 billion
Nvidia has acquired Hugging Face, an AI startup, for $12.93 billion. The goal is to enhance Nvidia's infrastructure and expand AI access globally. Hugging Face will remain independent and open, focusing on empowering developers. The deal aims to 'empower 100 million AI builders to own their intelligence.'
Nvidia to acquire Hugging Face for $13 billion
Nvidia is set to acquire Hugging Face, a popular open-source AI platform, for approximately $13 billion. The deal will give Nvidia access to a large community of developers and researchers. Hugging Face will remain open and independent, allowing developers to choose their preferred models and tools.
Nvidia's $12.9 billion deal for Hugging Face
Nvidia has agreed to acquire Hugging Face, a leading developer of AI models, for $12.9 billion. The deal expands Nvidia's presence in open-source AI and adds a major platform used by millions of developers. Hugging Face will remain open and independent, allowing developers to use Nvidia's compute services or other providers.
Nvidia strikes $12.9bn deal for AI platform Hugging Face
Nvidia has agreed to acquire Hugging Face, the company behind the popular open-source AI platform, for $12.9 billion. The deal expands Nvidia's presence in open-source AI, adding a major platform used by millions of developers worldwide.
Nvidia buys Hugging Face for $13 billion
Nvidia is acquiring Hugging Face for $13 billion, with $1 billion in retention stock. The founders and full team will stay on for six years. Nvidia will keep Hugging Face as an open, compute-agnostic hub.
Nvidia's $13 billion Hugging Face deal
Nvidia's $13 billion acquisition of Hugging Face reveals Jensen Huang's vision for AI. The deal gives Nvidia a major foothold in open-source AI, with over 18 million developers using Hugging Face.
Nvidia's $13 Billion Hugging Face Deal Expands Open-Source AI
Nvidia's $13 billion acquisition of Hugging Face expands its AI reach into open-source models, developers, and software. The deal boosts demand for computing and enhances Nvidia's AI ecosystem.
Nvidia's $13 Billion Hugging Face Deal
Nvidia's $13 billion acquisition of Hugging Face strengthens its AI ecosystem, adding over 18 million developers and 3 million models. The deal is expected to close in 2027.
Most Investors Overpay for AI Hype
Nvidia's stock is one of the tech sector's rare exceptions, with a strong valuation. The company's AI hardware dominance and growing profits make it an attractive investment.
Most Investors Overpay for AI Hype
Nvidia's second-quarter revenue more than doubled to $96.2 billion. The company's growth is driven by AI demand, but it faces risks from supply constraints and competition.
BlackRock Inc. Makes New $9.07 Million Investment
BlackRock Inc. acquired a new stake in Kodiak AI, Inc. in the 2nd quarter, according to a Form 13F filing. The firm acquired 1,786,046 shares valued at approximately $9.07 million.
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Nvidia's CEO declares AGI is practically here, GPT-6 Astra brings full computer control to developers, and Databricks empowers marketers with AI-driven insights.
HPE's record Q3: AI infrastructure, networking demand drives growth
HPE reported a record quarter with revenue driven by AI, networking, and server demand. The company expects growth in AI and cloud revenue.
What Toast (TOST)'s Raised 2026 Outlook and AI Push Means For Shareholders
Toast raised its 2026 outlook due to stronger subscription and fintech performance. The company's AI-driven tools are driving growth.
Alphabet (GOOGL) Drew Berkshire Hathaway Backing For Its AI Leadership
Berkshire Hathaway increased its stake in Alphabet, citing confidence in Google's AI leadership. Alphabet committed to a clean energy project in West Virginia.
UH receives $2M to develop AI tools for food safety
The University of Hawaii at Manoa received $2 million in federal funding to develop AI tools for food safety. The project aims to detect environmental threats.
Asana's AI pricing shift brings near-term revenue pressure
Asana's AI pricing shift is expected to bring near-term revenue pressure. The company is accelerating AI adoption, with AI products representing 25% of net new annual recurring revenue.
Sources
- 'Aim to Empower 100 million AI builders': Hugging Face CEO Clement Delangue as Nvidia buys AI startup for $12.93 billion
- Tech stocks today: Nvidia to acquire Hugging Face for $13 billion in strategic move
- Nvidia’s Hugging Face Embrace Burnishes AI Kingmaker Status
- Nvidia strikes $12.9bn deal for AI platform Hugging Face
- Nvidia acquires Hugging Face $13 billion
- Nvidia’s $13 billion Hugging Face bet reveals Jensen Huang’s vision for the next AI battleground
- Nvidia's $13 Billion Hugging Face Deal Expands Open-Source AI
- Nvidia's $13 Billion Hugging Face Deal Expands Open-Source AI
- Most Investors Overpay for AI Hype. Nvidia Is the Exception.
- Most Investors Overpay for AI Hype. Nvidia Is the Exception.
- BlackRock Inc. Makes New $9.07 Million Investment in Kodiak AI, Inc. $KDK
- Got $1,000? 3 Stocks Building the Physical Artificial Intelligence (AI) Era
- Today in AI: AGI Nears, Astra Expands, and Marketers Get Smart
- HPE's record Q3: AI infrastructure, networking demand drives growth, but supply constraints tap the brakes
- What Toast (TOST)'s Raised 2026 Outlook and AI Push Means For Shareholders
- Alphabet (GOOGL) Drew Berkshire Hathaway Backing For Its AI Leadership
- UH receives $2M to develop AI tools for food safety
- Asana’s AI pricing shift brings near-term revenue pressure
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