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NVIDIA (NVDA.O) said CEO Jensen Huang announced the company agreed to acquire Hugging Face for $12.93 billion. The firms said they will scale the Hugging Face platform and strengthen its infrastructure while keeping it an open platform for the broade

2026-09-03

NVIDIA (NVDA.O) said CEO Jensen Huang announced the company agreed to acquire Hugging Face for $12.93 billion. The firms said they will scale the Hugging Face platform and strengthen its infrastructure while keeping it an open platform for the broader AI ecosystem; developers may choose models, frameworks, cloud and inference providers and compute platforms, and using Hugging Face will not require NVIDIA compute. NVIDIA also disclosed an employee equity retention program for Hugging Face staff of up to $1 billion. The deal is expected to close in 1H 2027, subject to regulatory approvals.

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2026-09-03

WTI crude oil fell below $88 per barrel, down 1.27% on the day.

WTI crude oil fell below $88 per barrel, down 1.27% on the day.
2026-09-03

Rosstat: For the week ended Aug 31, consumer prices fell 0.01% week-on-week (prior week +0.01%).

Rosstat: For the week ended Aug 31, consumer prices fell 0.01% week-on-week (prior week +0.01%).
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