Saturday, August 29, 2026
Nvidia reportedly agrees to buy Hugging Face for $12.9B
The Information reported on August 26 that Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, a deal that would be one of Nvidia's largest purchases and put the most widely used hub for sharing open models under the chipmaker's ownership. CNBC said a source familiar with the matter confirmed acquisition talks have been ongoing, while Business Insider separately reported that the talks had not yet produced a signed agreement; neither Nvidia nor Hugging Face has publicly confirmed a deal.
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