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Nvidia Is Building the App Store of AI: Groq Runs the Models, Hugging Face Sells Them

Nvidia is not buying a website. It is copying the most durable business model in technology

Thomas Look's avatar
Thomas Look
Sep 04, 2026
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Β§1 β€” The thesis in one line

🟑 Nvidia is not buying a website. It is copying the most durable business model in technology: own the marketplace, sell the machine underneath it, and let everyone else supply the goods. Nine months ago it paid about $20 billion for Groq’s assets β€” chips built to serve AI models cheaply rather than train them.

On Thursday it…

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