Nvidia Reportedly Inks $12.9 Billion Deal to Acquire Hugging Face

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

Amount

$12.9B

Stage

M&A

Semiconductor giant Nvidia has reportedly agreed to acquire leading open-source artificial intelligence community and repository platform Hugging Face for $12.9 billion. The reported mega-transaction marks one of the most substantial acquisitions within the artificial intelligence sector to date. Hugging Face serves as the primary collaborative platform for machine learning practitioners, hosting hundreds of thousands of open-source models, datasets, and AI applications globally. The acquisition would significantly bolster Nvidia's enterprise software ecosystem, tightening the integration between its hardware acceleration platforms and the open-source developer toolchain powering contemporary generative artificial intelligence workflows and foundational model deployments.