Twelve Point Nine Billion for the Open Model Commons: Nvidia Buys Hugging Face - September 5, 2026

Twelve Point Nine Billion for the Open Model Commons: Nvidia Buys Hugging Face Nvidia has confirmed it will acquire Hugging Face for 12.93 billion dollars, putting the platform that hosts roughly three million open models and serves more than 18 million developers under the control of the company that already supplies most of the industry's compute. Chris and Laura dig into the deal structure, the 86 times revenue multiple, Jensen Huang's promise that Nvidia compute will not be required, and...