Overview
- Nvidia’s longtime CEO Jensen Huang resigned on Thursday, November 12, 2026, and the board named CFO Colette Kress as interim CEO.
- The $12.9 billion acquisition of Hugging Face remains scheduled to close in the first half of 2027 but is subject to ongoing U.S. Department of Justice inquiries into competition.
- Hugging Face CEO Clément Delangue publicly vowed to keep the platform’s open-source mission and compute-agnostic model distribution intact to reassure developers.
- The deal matters because Hugging Face hosts millions of models and hundreds of thousands of datasets and gives any owner of the platform significant influence over model distribution and who can run them.
- Watch for formal statements from Kress or Nvidia about contractual commitments, regulator decisions on competition, and whether Hugging Face’s growth plans for developers continue under the new leadership.