NYT
Nvidia Extends A.I. Spending Spree With $12.9 Billion Deal for Hugging Face
Thursday, September 3, 2026
Nvidia announced it will acquire Hugging Face for $12.9 billion. Hugging Face is a platform that hosts open-source artificial intelligence models and tools used by developers. The purchase reflects Nvidia's expansion beyond manufacturing chips into software and AI infrastructure.
Original reporting: https://www.nytimes.com/2026/09/03/technology/nvidia-hugging-face.html