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Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips
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Global — Reuters
Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips
Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips.
Shares in Nvidia were slightly lower after the $12.93bn (£9.57bn) deal – which ranks among its biggest ever – was announced for the database of AI models on Thursday.
Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips.
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Source: The Guardian · Reuters. Published 3 Sept 2026, 01:15 pm.
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