Hugging Face goes from a ‘scrappy’ startup named after an emoji to $13 billion Nvidia acquisition
Reported by Fortune · fortune.com · September 3, 2026
The deal stands to encourage more mainstream adoption of open-weight models, but AI insiders worry Nvidia will subtly influence them to all run on its hardware.
What the tape says
What to watch: NVIDIA Corp. (NVDA) is involved in M&A activity valued around $13 billion — deal terms and financing structure matter more than the headline here.
Market reaction today: $NVDA +0.84%
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