AMD and Salesforce also entered discussions regarding a potential stake or buyout of the company, according to sources cited by CNBC. The early interest from OpenAI acted as a catalyst for these competing bids, which transitioned the company from an investment target to a full acquisition target for Nvidia.
Tuesday, October 20, 2026
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Nvidia’s $13B Hugging Face Buyout Follows OpenAI Bid
AI22 days ago
A roughly $100 million offer to invest in the machine learning startup's model hub ignited a race among tech giants to secure the asset. Nvidia eventually acquired Hugging Face for $13 billion after the initial negotiations with OpenAI collapsed, granting the chipmaker control over the industry's most prominent repository for open source AI models.
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