AI Matters
Why it matters
Nvidia to acquire open-source AI platform Hugging Face for $12.9 billion
The Verge AI Nvidia is buying Hugging Face for almost $13 billion
Nvidia agreed to buy Hugging Face for $12.93 billion, bringing the popular hosting platform for open-source AI models and datasets under the chipmaker's ownership.
Why it matters
The chip giant now controls the central hub where millions of developers share AI models, potentially shaping the future of open-source AI development.
Latest brief · Oct 19, 2026