Nvidia to Buy Hugging Face for $13B | Bloomberg Businessweek Daily 9/3/2026
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.
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 Markets Rise as Bond Yields Fall
00:10:43 Blackstone Private Credit Fund Limits Redemptions
00:12:09 Private Markets & the Growing Alternatives Boom
00:13:05 Why Companies Are Staying Private Longer
00:14:59 Fed Policy, Rates & the Upcoming Jobs Report
00:17:37 How Investors Are Playing the AI Trade
00:20:40 Nvidia’s Hugging Face Deal Explained
00:23:54 Tesla’s Cybercab & the Robotaxi Challenge
00:25:58 Trump Sons’ Investment Fund & Microcap Stocks
00:27:23 Trump-Linked Fund Sells as Retail Investors Buy
00:29:53 Conflicts of Interest & the Trump Name
00:34:33 NBA Suspends Clippers Owner Over Salary Cap Rules
00:35:09 How the Clippers Circumvented the Salary Cap
00:38:14 Steve Ballmer’s Punishment & Possible Legal Fight
00:39:53 U.S. Open Ticket Prices & the Luxury Sports Boom
00:43:19 Stock Movers: Snowflake Surges on AI Growth
00:44:49 Tyson Foods Hit by U.S. Beef Shortage
00:45:49 Campbell’s Slides as Consumer Demand Weakens
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