Why Nvidia’s Buying AI Platform Hugging Face for $13 Billion

September 3, 2026

AI Summary

5 min read

Gloria Steinem, who co-founded Ms. Magazine in 1971 and became the most recognizable face of the American women's movement, has died at 92. "The kind of foundation of this magazine and makes it different from others is that it simply considers that women are human beings," she told PBS in 1973. "That doesn't sound very revolutionary, but it is, because the other magazines are still arguing about it." Steinem remained active into her 80s, including a speech at the 2017 Women's March the day after President Trump took office.

Nvidia Buys Hugging Face for $13 Billion

Nvidia has agreed to buy the AI startup Hugging Face in a deal worth roughly $13 billion. Hugging Face is a hub for open-source AI models — the kind developers can download and customize, unlike the proprietary models from Anthropic or OpenAI. Millions of developers, engineers, and researchers use the platform. The acquisition is part of Nvidia's push beyond the chips that power the AI boom.

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What you'll learn

1 (01:17) **Nvidia Buys Hugging Face for $13 Billion** - Nvidia agrees to acquire the open-source AI hub in a deal worth about $13 billion.
2 (02:48) **Markets Rise as Fed's Waller Signals Possible Rate Hold** - U.S. stocks gain more than 1% and treasury yields fall after Fed Governor Christopher Waller's comments.
3 (03:39) **Dutch Central Bank Shifts $11 Billion in Gold from Manhattan to London** - Geopolitical unrest prompts the Netherlands to move gold reserves closer to home for easier trading.
4 (04:18) **Fox News Parts Ways with Host Lara Trump** - The network says the journalist is no longer with Fox News Media, effective today.
5 (05:35) **Whispers of 2028 Republican Presidential Race Begin** - White House correspondent Natalie Andrews reports on early jockeying and Trump's potential role.
6 (06:38) **Ted Cruz on Trump's Endorsement: "Enormously Consequential" but Not Decisive** - Cruz discusses the weight of Trump's backing on a podcast, acknowledging it may not seal a presidential primary.
7 (07:16) **Iowa Republicans Eager for a 2028 Primary** - Andrews reports from a Senate candidate's barbecue where attendees are already buzzing about the next presidential race.

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Show Notes

P.M. Edition for Sept. 3. WSJ reporter Robbie Whelan discusses how with its latest deal for AI platform Hugging Face, chip giant Nvidia is promoting open-weight AI models that compete with OpenAI and Anthropic. Plus, we’re still two years away from the next presidential election, but some Republican hopefuls are already testing the waters. We hear from Journal White House correspondent Natalie Andrews about who may have President Trump’s backing and how Senator Ted Cruz is going over with voters in Iowa. And feminist icon Gloria Steinem dies at age 92. Alex Ossola hosts.

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