Nvidia to Acquire Hugging Face for $12.93 Billion, About 86x Annualized Revenue
fortune · reddit · 2026-09-05
- Nvidia announced it will acquire Hugging Face for $12.93 billion; the platform generates roughly $150 million in annualized revenue, valuing it at 86x revenue.
- Hugging Face hosts 3M+ models, 500K datasets, 1M apps, used by 18M+ developers and 200K+ companies — Nvidia is buying a strategic position at the center of open-source AI as open models challenge closed systems from OpenAI and Anthropic.
- Jensen Huang pledged the platform stays open: "Nvidia compute will not be required to build on or deploy through the platform."
- Founded 10 years ago, Hugging Face says it is nearing profitability.
Related event: Nvidia Reportedly to Acquire Hugging Face for $12.93 Billion(7 posts)→
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