WSJ What’s News
WSJ What’s News

Sep 3, 2026 · 11 min

Nvidia’s Hugging Face deal tests open AI’s next phase

Why Nvidia’s Buying AI Platform Hugging Face for $13 Billion

The acquisition could shape whether affordable, U.S.-developed AI tools and open-weight models become more accessible amid competition from China.

3 key takeaways
  1. 1Nvidia’s planned $13 billion purchase of Hugging Face would deepen its support for open-weight AI models.
  2. 2Markets rallied as Treasury yields fell, while Christopher Waller weighed steady rates against renewed inflation and geopolitical risks.
  3. 3The episode tracks early 2028 Republican maneuvering, Leon Black’s lawsuit, and Gloria Steinem’s feminist legacy.

Don't miss

The episode’s central moment is the explanation of how Nvidia’s $13 billion Hugging Face deal could broaden access to open-weight AI tools.

The brief

Nvidia’s planned $13 billion acquisition of Hugging Face is more than a technology deal: it could expand access to affordable, U.S.-developed tools built around open-weight models.

The market backdrop is unsettled. Stocks rose and Treasury yields declined as Federal Reserve Governor Christopher Waller discussed holding rates steady if disinflation continues, while warning that risks could still force a hike.

Natalie Andrews examines how Donald Trump’s endorsement could shape the crowded 2028 Republican field, with Ted Cruz, J.D. Vance, and Marco Rubio already in the conversation.

The episode also follows Leon Black’s lawsuit against the House Oversight Committee over its investigation into his ties to Jeffrey Epstein and requests involving nondisclosure agreements.

The closing remembrance of Gloria Steinem links her work at Ms. magazine and on the Equal Rights Amendment to the continuing history of feminist activism.

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Nvidia’s Hugging Face deal tests open AI’s next phase | PodLume