According to several consistent reports, Nvidia has agreed to acquire the open-source platform Hugging Face. The reported purchase price ranges from $12.9 billion (Memeburn) to $13 billion (IndexBox). The deal joins a series of multibillion-dollar stakes through which Nvidia is expanding its ecosystem around AI infrastructure, models, and developer communities.
- Nvidia is acquiring Hugging Face for $12.9–13 billion, according to Memeburn and IndexBox.
- Euronews and IndexBox see the deal as a potential boost for Europe's AI sovereignty.
- stl.news reports the deal could put pressure on rival OpenAI.
- Nvidia's investment portfolio totals around $99 billion, according to Yahoo Finance, including stakes in Intel and CoreWeave.
- Chosun.com already describes Nvidia as the 'central bank' of the AI industry, while Breakingviews/Reuters warns of growing competition from China.
Why is Nvidia buying Hugging Face of all companies?
Hugging Face is considered one of the central hubs for open AI models and developer tools. With the acquisition, Nvidia secures direct access to this platform, strengthening its position across the entire AI value chain — from chips to cloud infrastructure to the models themselves. Chosun.com sums up this role, describing Nvidia as a kind of 'central bank' of the AI industry that increasingly shapes the financing and infrastructure conditions for other players.
What does the deal mean for Europe's AI sovereignty?
Euronews raises the question of whether the acquisition could strengthen Europe's AI sovereignty, since Hugging Face plays an important role among European developers and open-source projects. IndexBox explicitly calls the deal a potential 'boost' for Europe's open-source AI scene. At the same time, it remains unclear how the control of a central European open-source platform by a US company will ultimately affect Europe's actual technological independence in the long run.
Does the Hugging Face deal put pressure on OpenAI?
According to stl.news, that could be exactly the effect: by controlling a central open-source platform, Nvidia shifts the balance of power within the AI ecosystem — to the detriment of providers like OpenAI, which rely more heavily on their own closed models.
How large is Nvidia's overall investment portfolio now?
Yahoo Finance puts Nvidia's investment portfolio at roughly $99 billion. According to the report, this includes investments in Intel and CoreWeave, which the report says are themselves becoming a 'stress test' for the sustainability of Nvidia's investment strategy.
Not everything is running smoothly for Nvidia: a joint Breakingviews/Reuters column warns that Chinese AI providers — referred to in the piece as 'AI dragons' — are increasingly chipping away at Nvidia's competitive 'moat.' Meanwhile, Investor's Business Daily notes that Nvidia, alongside stocks like Micron and Sandisk, is showing bullish chart signals, even as the broader market is weighed down by issues such as Iran, Apple, and inflation data.
Adding to the momentum is a statement from Nvidia CEO Jensen Huang, who, according to Investing.com, declared that 'AGI has arrived' following the launch of OpenAI's GPT-6 Astra. The remark comes at a time when Nvidia is simultaneously acting as an infrastructure supplier, investor, and now also platform owner within the AI sector.
AGI has arrived
Jensen Huang, according to Investing.com
