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Hugging Face CEO calls Nvidia CEO's exit a 'sad day' but vows to keep fighting for open-source AI.

Market News
12 Nov 2026, 19:36 WIB
TechCrunch
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Neutral
Hugging Face CEO calls Nvidia CEO's exit a 'sad day' but vows to keep fighting for open-source AI.

Hugging Face CEO Clément Delangue expressed sadness over Nvidia CEO Jensen Huang's departure, emphasizing continued commitment to open-source AI despite uncertainties. Nvidia's $12.9 billion acquisition of Hugging Face, a major open-source AI platform, is still set to close in early 2027 amid regulatory scrutiny. Huang was a strong advocate for open-source AI, raising concerns about future leadership's approach. Delangue reassured the community that Hugging Face will persist in promoting open-source AI models, highlighting the importance of accessibility and innovation in the AI ecosystem.

Nvidia's stock price on Pluang is currently USD 165.43, down 4.78% as of Nov 13, 2026, 00:51 WIB, reflecting some market reaction to leadership changes. Despite the drop, Nvidia maintains a substantial market cap of $4.20 trillion and strong order activity with 69% of trades as buys. This context highlights the ongoing investor interest as the company navigates the regulatory process for its $12.9 billion acquisition of Hugging Face.

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