Nvidia's $12.93bn Hugging Face Deal Tightens Its Hold Across the AI Stack

Nvidia agreed September 3, 2026, to buy Hugging Face for $12.93bn. Hugging Face hosts thousands of AI models, datasets, and code libraries — the tools researchers share and deploy. CEO Jensen Huang promised the platform stays open and won't require Nvidia GPUs. Backers Intel and AMD, who invested in Hugging Face, now depend on a rival's subsidiary.