(FILES) Nvidia CEO Jensen Huang attends the Q&A session with the media during Nvidia/Japan AI Ecosystem Reception in Tokyo on July 16, 2026. Nvidia announced on September 3, 2026, that it will buy artificial intelligence platform Hugging Face for $12.9 billion, as the chipmaking giant seeks to diversify its hold on the AI sector. "I'm excited to announce that NVIDIA has agreed to acquire Hugging Face for $12,930,300,000. Together, we will scale Hugging Face's platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide," Nvidia CEO Jensen Huang said in a post on the company's website. (Photo by Philip FONG / AFP via Getty Images)