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Hugging Face built a $4.5 billion empire on free AI models. Now Nvidia is buying it for $12.9 billion

This story is from 2026-08-29. It is preserved in the archive; the latest stories are on the live feed.

Thomas Wolf has spent a decade convincing the world that open-source AI is not a charity project. On August 27, 2026, the market settled the argument. Nvidia agreed to buy Hugging Face, the company famous for hosting the open-source AI ecosystem with more than 3 million open-source LLMs, for $12.9…

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  1. 2026-08-29 18:58 · The Next Web
    Hugging Face built a $4.5 billion empire on free AI models. Now Nvidia is buying it for $12.9 billion

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