Friday, October 9, 2026
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The venfeed editorial desk. Independent reporting on the AI industry — the companies building with artificial intelligence, the money moving through them, the research that changes what practitioners do, and the rules they all have to work inside.

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Big Tech / labs ·

Nvidia is buying Hugging Face for $12.9B, its largest acquisition

Nvidia confirmed the deal on 3 September: $11.9 billion in cash to shareholders and about $1 billion in equity to keep staff. It buys a company that turned down Nvidia money a year ago, and whose production systems were broken into in July by an agent swarm belonging to Nvidia's largest customer.