Chip giant Nvidia snaps up open-source AI software platform Hugging Face in £9.57bn deal

See more This is Money on Google - save us as a Preferred Source Updated: 17:00 EDT, 3 September 2026 Nvidia is buying artificial intelligence (AI) software platform Hugging Face for close to £10billion.The deal will cement Nvidia as a central player in the market for open models that users can freely download, run and customise – unlike the closed systems built by OpenAI and Anthropic.Hugging Face – already a big AI name – is used by over 200,000 firms and allows developers to collaborate, test and share tools.It hit the headlines in July when it was hacked after OpenAI’s agents went rogue in a test.The incident shook the world of cybersecurity and underscored worries over the power of AI models.Nvidia’s chief executive, Jensen Huang, said yesterday: ‘Open models let start-ups, businesses, universities and public institutions build on advanced capabilities without training every model from scratch.’ AI in action: Images featuring Nvidia boss Jensen Huang were created after the deal was announcedHugging Face is based in New York and has already been backed by Intel, Advanced Micro Devices and Amazon.Shares in Nvidia, which is now the biggest company in the world, rose 2.2 per cent yesterday.DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you