Nvidia Reportedly Agrees to Acquire Hugging Face for $12.9 Billion

27 Aug 2026, 12:02 pm · 16d ago · 1 min read · TechCrunch AI

Amount

$12.9B

Stage

Acquisition

Lead

Nvidia

Chipmaking giant Nvidia has reportedly agreed to acquire open-source AI platform Hugging Face for $12.9 billion. The strategic buyout is positioned to help Nvidia fortify its dominance across the artificial intelligence computing ecosystem while expanding its footprint in cloud-based developer infrastructure. Hugging Face functions as a premier central hub for hosting open-source machine learning models, datasets, and AI applications globally. The transaction represents one of the largest acquisitions in the artificial intelligence sector, consolidating critical developer tooling, model repositories, and developer workflows directly into Nvidia’s expanding software and hardware empire.