Nvidia agrees to buy Hugging Face for $12.9B: Report
智东西 · wechat · 2026-08-27
According to The Information, Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion.
Strategic Intent:
- Nvidia views open-source as a key counterweight to closed-source developers (like OpenAI, Anthropic) developing their own chips. Acquiring Hugging Face helps secure its hardware ecosystem.
- Hugging Face assists developers in optimizing models for various hardware and provides cloud compute support, aligning closely with Nvidia's business.
Financials & Valuation:
- Hugging Face's recent annualized revenue is around $150 million, making the purchase price roughly 80x its forward revenue—a high valuation.
- Google, Microsoft, and Amazon have previously invested in the company.
Industry Context: This acquisition follows a series of aggressive investments by Nvidia (e.g., Poolside, Kumo AI) aimed at locking in the software-hardware ecosystem.
Related event: NVIDIA Reportedly Agrees to Buy Hugging Face for ~$12.9B(60 posts)→
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