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Nvidia agrees to buy Hugging Face for $12.9 billion

This story is from 2026-08-27. It is preserved in the archive; the latest stories are on the live feed.

Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, roughly 80 times its $150 million annual revenue, according to reports. The deal aligns with Nvidia's strategy of investing in open AI models as closed labs pull away.

Read the full story at r/LocalLLaMA ↗

Timeline · 4 reports

  1. 2026-08-27 07:14 · The Decoder
    Nvidia snaps up Hugging Face for $12.9 billion as closed AI labs pull away
  2. 2026-08-27 02:08 · r/huggingface
    Nvidia agrees to buy Hugging Face for $12.9B, report says
  3. 2026-08-27 01:49 · r/singularity
    Nvidia has been in talks to buy Hugging Face for more than $13 billion
  4. 2026-08-27 01:19 · r/LocalLLaMA
    Nvidia has been in talks to acquire Hugging Face for more than $13 billion - Business Insider

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