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antitrust

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SEP 30, 2026

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Nvidia bought the hub: why a chipmaker paid 86 times revenue for Hugging Face

Nvidia's $12.93 billion deal for Hugging Face priced a $150 million business at 86 times revenue weeks after OpenAI offered to use the hub as a storefront for its own chip, and the only thing holding the buyer to neutrality is a pledge no regulator has yet written down.