Nvidia's $12.93 Billion Hugging Face Deal Moves It Deep Into AI Software
As seen on the 24/7 Wall St. homepage on September 3, 2026.
Musk amplifying Hugging Face CEO Clement Delangue's $12.93 billion sale to Nvidia puts the chipmaker's push up the AI stack, from silicon into the open-source model layer developers actually build on.
RT @ClementDelangue: Super happy to share our intention to join forces with NVIDIA in a $12,930,300,000 acquisition 💛💚 10 years after sta…
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Hugging Face CEO Clement Delangue announced on September 3, 2026 that the company intends to be acquired by Nvidia for $12,930,300,000, a deal that Elon Musk quickly amplified to his audience on X.
Hugging Face is the dominant open-source platform where developers host, share, and build on AI models, meaning Nvidia would move well beyond selling the chips that power AI and into owning the layer where engineers actually do their work.
Nvidia would gain a direct relationship with the developer community at the center of the AI build-out, a position that reinforces its hardware franchise and gives it a new software lever at the same time.
The $12.93 billion price tag signals how much Nvidia is willing to pay to secure that position before a rival does.
Mentioned: NVDA