Nvidia acquires hugging face in $12.93 billion deal

Nvidia has finalized a $12.93 billion acquisition of Hugging Face, marking a significant expansion into the open-source AI landscape. The deal, announced on September 3, 2026, underscores Nvidia's ongoing commitment to strengthening its position in the artificial intelligence sector. Alongside this major transaction, Blackstone reported another round of private-credit redemptions, while Elliott Management targeted Deutsche Telekom’s T-Mobile strategy. In separate developments, Matchroom Chairman Eddie Hearn disclosed the venue for the upcoming Fury-Joshua boxing match and outlined plans for a major US expansion. Additionally, BWH Hotels CEO Larry Cuculic discussed evolving travel trends, rising operational costs, and the potential impact of the World Cup on the hospitality industry. These updates highlight a dynamic landscape of corporate strategy and market shifts across multiple sectors.