Nvidia Agrees to Acquire Hugging Face for $12.9 Billion By Ed Hernandez | KEYSTONE PULSE MEDIA / Global Media Center Published: Thursday, August 27, 2026 Executive Midday Briefing Nvidia has agreed to buy Hugging Face, the popular open-source AI model hub, for $12.9 billion, according to reports from The Information. The deal would give Nvidia control of one of the most widely used platforms where developers share, test, and deploy open AI models and datasets. It marks one of the chipmaker’s largest acquisitions and comes as closed-source rivals like OpenAI and Anthropic push their own custom chips. Hugging Face was already generating about $150 million in annualized revenue. Nvidia previously invested in the company during its 2023 funding round and had even offered a smaller investment last year that Hugging Face declined. Neither company has issued an official statement yet. The transaction still needs to close. #Nvidia #HuggingFace #AI #OpenSource #Acquisition #TechNews #ArtificialIntelligence #MachineLearning #JensenHuang #AIEcosystem https://t.co/yY93smIOhT