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 -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts