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With Jensen Huang Out, AI Leaders Fear They’ve Lost a Champion: ‘It’s a Really Sad Day’

Industry analysts warn of a potential shift in Nvidia's open-weight model strategy following the $12.9 billion Hugging Face acquisition deal, according to recent reports.

  • Hugging Face CEO Clément Delangue described Nvidia CEO Jensen Huang's departure on Thursday as a "really sad day," vowing that Hugging Face will "keep fighting for open-source AI, harder than ever."
  • Nvidia announced plans to acquire Hugging Face for $12.9 billion in September, making it the second-largest acquisition in company history, with closing scheduled for the first half of 2027.
  • As Nvidia CEO, Jensen Huang was a strong advocate for open-weight models, promoting them at the Consumer Electronics Show in Las Vegas and arguing they "strengthen safety and cybersecurity, accelerate innovation."
  • The Department of Justice began inquiries about how the acquisition impacts AI market competition, while the leadership transition creates uncertainty about the platform's open-source commitment despite Nvidia's pledges.
  • A coalition of 25 companies, including Microsoft, Meta, IBM, and Palantir, recently urged regulators not to over-restrict open-weight AI models, arguing they are essential for accessibility and adaptability.
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BizToc broke the news on Thursday, November 12, 2026.
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