Nvidia confirms $13 billion acquisition of open-weight AI platform Hugging Face - Yahoo Finance
Nvidia has announced a $13 billion acquisition of the open-weight AI platform Hugging Face. The deal aims to maintain Hugging Face as an open ecosystem while integrating it into Nvidia's broader AI infrastructure strategy.
Why it matters
This acquisition signals a major consolidation in the AI industry, potentially influencing the future of open-source model development and hardware dependency.
Nvidia confirms $13 billion acquisition of open-weight AI platform Hugging Face Jake Conley · Breaking Business News Reporter Thu, September 3, 2026 at 4:18 PM EDT 4 min read NVDA +0.84% Trade NVIDIA on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia ( NVDA ) on Thursday confirmed its plans to acquire the open-weight AI platform Hugging Face for roughly $13 billion, sending its shares up roughly 2%.
Also covering this story
13 other newsrooms covered this event. We read each version separately.
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