Nvidia to buy developer platform Hugging Face in $12.9bn deal
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This story was selected and curated by our editorial team in the AI (artificial intelligence) category. Published on September 3, 2026 • Originally reported by Reuters. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the AI (artificial intelligence) category. Published on September 3, 2026 • Originally reported by Reuters. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
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 its biggest ever – was announced for the database of AI models on Thursday.
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