S&P 5007,666.60▲0.5% Nasdaq26,217.83▲0.5% Dow53,061.95▲0.6% Russell 2K2,953.17▲1.1% 10-Yr4.80%+0bp VIX15.20−1.14 WTI$90.70▲0.5% Gold$4,431.70▲1.9% EUR/USD1.159▼0.1% BTC$81,004▲4.8% Nikkei66,215▼0.1%
At close · Thu, Sep 3, 2026
Daily Market Updates.

Global Markets

Home›Global Markets›North America›Hugging Face reached out to Nvidia ahead of $12.9B dea…

Hugging Face reached out to Nvidia ahead of $12.9B deal, CEO says

Reported · Written up by our desk · North America

Hugging Face approached Nvidia CEO Jensen Huang weeks before Nvidia agreed to acquire the AI software company in a $12.9 billion deal, CNBC reports, citing Huang.

The Nvidia chief said the acquisition would help expand access to AI for developers and institutions worldwide through Hugging Face.

The report also frames the outreach as occurring ahead of the transaction, highlighting timing as part of Nvidia and Hugging Face’s efforts around the deal.

← Newer storyDaiichi Life Group agrees to buy Fidelity Life Assurance for about $3…

More like this

Global MarketsShein shares slide more than 5% in Hong Kong trading second day
Global MarketsOpenAI starts rolling out Astra to cybersecurity program participants
Global MarketsTrump administration rules could strip tax exemptions from some schools
Global MarketsChargePoint CEO links surge to progress on three-year plan
Global MarketsMicrosoft to cap Xbox cloud gaming for Game Pass subscribers from November

Sources

CNBC MarketsHugging Face approached Nvidia’s Huang weeks ahead of $12.9B acquisition, CEO tells CNBC
CNBC WorldHugging Face approached Nvidia’s Huang weeks ahead of $12.9B acquisition, CEO tells CNBC

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.