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SANTA CLARA, CA – September 6, 2026 (STL.News) Nvidia‘s (Ticker: NVDA) nearly $13 billion agreement to acquire Hugging Face could represent much more than another major artificial intelligence acquisition. The transaction potentially strengthens Nvidia’s position at the center of the rapidly expanding open-model AI ecosystem while creating additional competitive pressure for companies such as OpenAI that depend heavily on proprietary models and paid access to them. NVDA announced Sept. 3 that it agreed to acquire Hugging Face for approximately $12.93 billion, one of the semiconductor giant’s largest acquisitions and a significant endorsement of open-source and open-weight artificial intelligence.
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