(FILES) Nvidia CEO Jensen Huang gives a thumbs up at a press conference with Japanese multinational information and communications technology company Fujitsu 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)