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Nvidia’s Hugging Face deal is a bet on open models — and proof it’s no longer just a chip company

SiliconAngle AI Zeus Kerravala September 4, 2026
Nvidia’s Hugging Face deal is a bet on open models — and proof it’s no longer just a chip company
AI Summary— plain English for professionals

# Nvidia Buys Hugging Face for $13 Billion: What It Means Nvidia, the chip company that powers most AI systems, just bought Hugging Face, a major platform where developers share and build AI models, for nearly $13 billion. This is a major shift—Nvidia is no longer just selling the hardware that runs AI; it's now moving into controlling the software and models themselves. The deal shows how much money and power are flowing into AI, and signals that companies want to own the entire AI pipeline from chips to the actual AI applications people use.

As Nvidia Corp. announced this morning that it has agreed to acquire Hugging Face Inc. for $12.93 billion — one of the largest acquisitions in the company’s history — Chief Executive Jensen Huang promised that the platform will retain its brand, its leadership and, according to both companies, its n

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