Nvidia Reportedly Agrees to Buy Hugging Face for $12.9 Billion
ferruz_noelia · x · 2026-08-27
Nvidia has agreed to acquire Hugging Face, the open-source AI model hub, for $12.9 billion, The Information reports (via RTÉ). It would be one of Nvidia's largest acquisitions to date, signaling Jensen Huang's bet that AI demand is still expanding rather than peaking.
Key context:
- Hugging Face hosts open-source LLMs and datasets, with annualized revenue of $150M — a stark contrast to the price tag. It was valued at $4.5B in a 2023 funding round of $235M, with Nvidia among the backers alongside Google and Salesforce.
- The deal lands as closed-source labs like Anthropic and OpenAI explore building their own chips as alternatives to Nvidia GPUs.
Related event: NVIDIA Reportedly Agrees to Buy Hugging Face for ~$12.9B(60 posts)→
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