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WSJ Tech News Briefing · Thursday, September 3, 2026

Nvidia to Acquire Hugging Face for $13 Billion

Nvidia has announced an agreement to purchase AI development platform Hugging Face for approximately $13 billion. The chipmaker aims to accelerate the adoption of open-weight, customizable AI models, contrasting with proprietary models from competitors. Hugging Face has become a key platform for machine learning collaboration.

tickerNVDAcompanyNvidiacompanyHugging FacecompanyOpenAIcompanyAnthropic

The tape

3 quotes
In its latest big ticket deal, Nvidia has agreed to buy AI development platform Hugging Face for about $13 billion.
Danny Lewis
The chipmaker says it wants to accelerate the spread of open weight, customizable AI models, as opposed to the proprietary models developed by companies like Open AI and Anthropic.
Danny Lewis
In recent years, Hugging Face has become a platform for engineers to collaborate on machine learning projects such as developing AI models and applications.
Danny Lewis
Heard on WSJ Tech News Briefing — “TNB Tech Minute: Nvidia Strikes $13 Billion Deal to Buy Hugging Face, published Thursday, September 3, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
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Nvidia to Acquire Hugging Face for $13 Billion — Heardvine