Twelve Point Nine Billion for the Open Model Commons: Nvidia Buys Hugging Face - September 5, 2026

Twelve Point Nine Billion for the Open Model Commons: Nvidia Buys Hugging Face Nvidia has confirmed it will acquire Hugging Face for 12.93 billion dollars, putting the platform that hosts roughly three million open models and serves more than 18 million developers under the control of the company that already supplies most of the industry's compute. Chris and Laura dig into the deal structure, the 86 times revenue multiple, Jensen Huang's promise that Nvidia compute will not be required, and the harder question of whether neutrality survives when the landlord also owns the utility company. They close on what a good outcome and a bad outcome would each actually look like three years from now. Hosted by Chris and Laura. The DX Today Podcast brings you daily deep dives into the most consequential stories in the AI ecosystem. #Nvidia #HuggingFace #OpenSourceAI #AIAcquisitions #AIInfrastructure