Rubbish Check
Daily Mail Money · 3 September 2026
source“Chip giant Nvidia snaps up open-source AI software platform Hugging Face in £9.57bn deal”
R2/ 10
Lightly altered
Rubbish Rating — 1 = base fact, 10 = pure rubbish
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In short
Rubbish Talk rates Daily Mail Money's headline that Nvidia is buying Hugging Face for £9.57bn a 2/10 because the figure is an accurate GBP conversion of the confirmed $12.93bn deal, and the surrounding facts check out against multiple independent outlets.
The Verdict
Lightly altered. The headline and body are essentially the base fact, just currency-converted for a UK audience without stating the underlying dollar figure, which is a minor omission rather than spin.
What actually happened
Nvidia confirmed it is acquiring open-source AI hub Hugging Face for $12.93 billion, one of the chipmaker's largest ever acquisitions. CEO Jensen Huang framed the deal as expanding access to open AI models for developers, businesses and institutions worldwide, positioning Hugging Face against closed-model rivals like OpenAI and Anthropic.
Key facts
- Deal value confirmed at Nvidia announced it will acquire the open-source AI platform Hugging Face for $12.93 billion to expand global developer access. At prevailing exchange rates that converts to roughly £9.57bn, the figure the Mail leads with.
- Scale of the platform: it is the open-source AI hub used by more than 18 million developers and 200,000 companies, matching the article's "over 200,000 firms" claim.
- Market reaction: Nvidia (NVDA) on Thursday confirmed its plans to acquire the open-weight AI platform Hugging Face for roughly $13 billion, sending shares up more than 2% in afternoon trading, consistent with the Mail's reported 2.2 per cent share rise.
- Backstory: Hugging Face had a prior 2023 funding round; before the acquisition, Nvidia had a preexisting stake in Hugging Face, joining Salesforce and Alphabet's Google in a 2023 fundraising round worth $235 million that put the company's valuation at $4.5 billion.
What to watch for
- Watch whether Nvidia's promise to keep Hugging Face an open platform holds up once integration begins, this is the live debate in trade coverage that the Mail's short piece doesn't touch.
- The article's claim that Hugging Face was hacked in July after "OpenAI's agents went rogue in a test" could not be corroborated in this check; if it resurfaces in follow-up coverage, verify it against a named cybersecurity source before treating it as settled.
- Regulatory review of a near-£10bn acquisition by the world's most valuable company is worth tracking for any antitrust friction.
About this scoreThe R-Score is Rubbish Talk's editorial opinion on how far a headline's framing sits from what the underlying facts support. It is a judgement about presentation and emphasis, not an allegation that any outlet has acted dishonestly. Every figure we rely on is linked under Receipts so you can check it yourself.
