Nvidia announced on Sept 3, 2026 a definitive deal to acquire Hugging Face for roughly $12.93 billion, pledging to keep it an open platform where Nvidia compute is not required. Hugging Face hosts more than 3 million models and serves about 18 million developers and 200,000 companies; the deal is expected to close in the first half of 2027.
Why this matters for founders
Founders relying on Hugging Face for open models, datasets, and hosting should keep multi-cloud and multi-chip options documented now, since ownership by a chipmaker raises long-run neutrality questions.
Source: Fortune
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