Coin Bureau|Sep 03, 2026 12:20
🚨BREAKING: Nvidia agreed to acquire AI model platform Hugging Face for $13 BILLION, tightening the $5.4 TRILLION chip giant’s grip on the AI ecosystem, per FT.
Hugging Face rejected an NVDA investment at a $7 billion valuation last year to preserve its independence.
The deal will accelerate the adoption of open-weight AI models.(Coin Bureau)
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