Nvidia to Buy Hugging Face for $13B | Bloomberg Businessweek Daily 9/3/2026
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Nvidia agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion, adding a popular software platform to the chip giant’s AI empire. The price includes an equity-based retention program of as much as $1 billion for Hugging Face employees who join Nvidia, according to a statement Thursday. Bloomberg News AI reporter Rachel Metz discussed the acquisition and Bloomberg Tech Host Ed Ludlow discussed his interview with Hugging Face Co-Founder Thomas Wolf. Plus, Jason Tyler, President of Northern Trust Wealth Management talked about the private credit market. Finally, Randall Williams, Bloomberg News Senior Sports Reporter discussed the NBA's suspension of Steve Ballmer. Chapters 00:00:00 Bloomberg Businessweek Daily 00:01:21 Market Update: Stocks Rally, Bitcoin Tops $81K 00:03:34 Nvidia Acquires Hugging Face for $13 Billion 00:05:18 Why Nvidia Wants to Diversify the AI Ecosystem 00:06:04 AI Models, Cybersecurity & Safety Risks 00:09:54 Marke
Tags: Beef shortage, Bitcoin, Carol Massar, Christina Ruffini, Cybersecurity, Donald Trump, Donald Trump Jr, Ed Ludlow, Eric Trump, Hugging Face, Jason Tyler, LA Clippers, Lisa Mateo, Los Angeles Clippers, Matthew Griffin (Bloomberg), NBA, Rachel Metz, Randall Williams, Steve Ballmer, Thomas Wolf
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