NVIDIA

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NVIDIA Corp (NASDAQ: NVDA), the ~$5.5T accelerated-computing company founded and led by Jensen Huang, agreed on 2026-09-03 to acquire Hugging Face for ~$12.9B — its second-largest deal after the ~$20B Groq assets purchase (Dec 2025) and its largest outright company acquisition, eclipsing Mellanox (~$6.9B, 2020). Huang on the deal: 'Together, we will scale Hugging Face's platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide.' NVIDIA agreed to acquire Hugging Face for ~$12.9B on 2026-09-03 ($11.9B to shareholders + up to $1B equity retention for HF employees joining NVIDIA; HF to remain an open platform; expected close H1 2027 pending regulatory approvals; antitrust runway + GPU-neutrality of the Hub are the live radar questions). Radar watch: verticalization up the AI stack, open-weights distribution channel (Meta/Mistral/DeepSeek releases).

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