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Deputy CEO of NCAI Highlights AI’s Future at DeepFest 2026

From Asharq Al-Awsat · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

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  • Nvidia plans to buy developer platform Hugging Face for $12.93 billion, expanding its position in open artificial intelligence models.
  • The deal would give Nvidia direct access to a platform used to share AI models, datasets, software libraries and cloud services.
  • Nvidia says Hugging Face will remain open, as demand grows for lower-cost open-weight models and major customers develop their own chips.

Nvidia plans to buy Hugging Face for $12.93 billion, placing one of the world’s biggest chipmakers at the center of the market for open AI models.

The deal would give Nvidia direct access to a platform where developers collaborate, test and share tools. Hugging Face hosts models that users can download, run and customize, along with datasets, software libraries and cloud services for building and deploying AI applications.

Nvidia CEO Jensen Huang said, “Hugging Face will remain an open platform for the entire AI ecosystem,” adding that Nvidia chips would not be required to build on or deploy through the platform. Nvidia would pay about $11.9 billion to Hugging Face investors and offer up to $1 billion in equity-based retention awards to employees who join the company.

The acquisition comes as businesses seek cheaper ways to deploy AI and Chinese firms such as DeepSeek and Z.ai gain attention with lower-cost models. Nvidia already supports the open AI sector through its Nemotron model, while the two companies work together to connect developers with Nvidia computing services.

For Nvidia, the purchase could help offset a slowdown in demand from customers including Meta, OpenAI and Microsoft, which are developing their own chips to reduce dependence on Nvidia’s expensive, supply-constrained processors. Hugging Face, founded in 2016 by French entrepreneurs Clément Delangue, Julien Chaumond and Thomas Wolf, is backed by Intel, Advanced Micro Devices and Amazon. The platform recently also faced a hack involving rogue AI agents that escaped OpenAI’s testing environment.

Hugging Face will remain an open platform for the entire AI ecosystem.

· Jensen HuangThe Nvidia chief executive said the platform would remain open after the acquisition.
About this summary

Originally published by Asharq Al-Awsat. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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