Overview
- Nvidia’s board announced Jensen Huang’s immediate resignation on Thursday and named CFO Colette Kress as interim CEO after a board investigation into Huang’s personal conduct.
- Hugging Face CEO Clément Delangue publicly vowed to keep the company’s open-source mission intact and to continue fighting for open models following Huang’s exit.
- The $12.9 billion transaction announced in September remains under regulatory review, with the U.S. Department of Justice already asking questions about the deal’s effect on competition.
- Deal terms originally committed Hugging Face to stay open, independent, and compute-agnostic and envisioned the Hugging Face team joining Nvidia, and there is no public sign the agreement has been changed or canceled.
- Hugging Face hosts millions of models and hundreds of thousands of datasets and serves roughly 18–20 million builders, a scale that makes ownership important to developers, competitors, and regulators.