Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › Nvidia to buy developer platform Hugging Face in $12.9bn deal
Technology

Nvidia to buy developer platform Hugging Face in $12.9bn deal

The Guardian World Thursday 03 September 2026, 13:15 UTC By Reuters 1 min read
Key Points

Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chipsNvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for ⁠open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips. Nvidia were ⁠slightly lower ​after the $12.93bn (£9.57bn) deal – which ranks among its biggest ever – was announced for the database of AI models on Thursday.

Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips

Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for ⁠open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips.

Shares ⁠in Nvidia were ⁠slightly lower ​after the $12.93bn (£9.57bn) deal – which ranks among its biggest ever – was announced for the database of AI models on Thursday.

Continue reading...
Nvidia (ORG) AI (ORG)
Originally published by The Guardian World Read original →

Related Stories

The best fans to keep you cool in 2026 – tried and tested

Missed out on a fan this summer? Chill your space with our pick of the best still in stock, including tower and misting models• The best portable neck and handheld fans• Dyson HushJet Mini Cool fan reviewOur world is getting hotter. Summer heatwaves are so frequent, they’re stretching the bounds of what we think of as summer.

The Guardian Tech 24m ago

Kafka in paradise: Hawaii fire survivors in bureaucratic trap as US says no more mail delivery

Wildfire victims rebuilt their homes in Lahaina only to find USPS had ‘eliminated’ their addresses – while houses that didn’t burn receive mail as normalTwo months after a devastating wildfire whipped through Lahaina in August 2023, Pam Reader was allowed back to see what was left of her home. With a heavy heart, she returned to the Hawaiian oceanside town now filled with endless blocks of burned houses. As she rounded her corner, she saw the only thing remaining was her bright turquoise...

The Guardian World 24m ago

137 Ventures’ Returns Soar on SpaceX, Anduril and Cognition Bets

The 2014 fund of early SpaceX backer 137 Ventures is now worth more than eight times the money investors originally put into it, net of fees and other charges.

Bloomberg Technology 25m ago

How Sonos rebooted itself

Today, I’m talking with Tom Conrad, the CEO of Sonos. Tom and I have known each other for a long time — he was the chief technology officer of Pandora, VP of product at Snap, and the chief product officer of Quibi. He was also on the board at Sonos during its disastrous 2024 app redesign that threatened to crash the entire brand.  Tom took over as interim CEO to right the ship during that period, and then took the permanent role just about a year ago.

The Verge 25m ago