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● TRACKER Updated 18d ago · 15 sources tracked

Nvidia agrees to buy Hugging Face for $12.9 billion, report says

Nvidia has reportedly reached a deal to acquire Hugging Face, an open-source AI model repository, for $12.9 billion. The acquisition allows the chipmaker to expand its ecosystem beyond hardware and gain control of a hub hosting over 1 million open source AI models and 13 million users. While several reports align on the $12.9 billion price point, the companies have not officially confirmed the transaction. Analysts suggest the price is high, valuing the company at roughly 80 times its annualized revenue of about $150 million.

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  • ✓ Nvidia is reportedly acquiring Hugging Face for $12.9 billion.
  • ✓ Hugging Face is an open-source AI model repository.
🛡️ Source Corroboration: 15 independent reporting domains (70% confidence) ⏱ Read time: ~2 min

What changed

New reports specify that Hugging Face hosts over 1 million models and 13 million users, with an annualized revenue of about $150 million.

Live updates

  1. Nvidia reportedly agrees to buy Hugging Face for $12.9 billion

    Nvidia has reportedly reached a deal to acquire Hugging Face, an open-source AI model repository, for $12.9 billion. The acquisition allows the chipmaker to expand its ecosystem beyond hardware and gain control of a hub hosting over 1 million open source AI models and 13 million users. While several reports align on the $12.9 billion price point, the companies have not officially confirmed the transaction. Analysts suggest the price is high, valuing the company at roughly 80 times its annualized revenue of about $150 million.

    Why it matters

    Hugging Face serves as a central repository for the AI community to share and deploy models. By acquiring this platform, Nvidia moves closer to controlling the full AI stack. This shift follows a period of massive financial growth for Nvidia, including a record $96.2 billion in second-quarter revenue.

    What is confirmed

    • Nvidia is reportedly acquiring Hugging Face for $12.9 billion.
    • Hugging Face is an open-source AI model repository.

    Still unconfirmed

    • The deal values Hugging Face at roughly 80 times its annualized revenue of about $150 million.
    • The acquisition could result in a financial win for Kevin Durant.
    • Nvidia is using the deal to fill underwritten cloud capacity.

    What to watch next

    • Official confirmation of the acquisition from Nvidia or Hugging Face
    • Disclosure of the final purchase price to resolve discrepancies between $12.9 billion and $13 billion
    Sources used for this update (8)
    1. www.briefs.co — Nvidia Nears $12.9 Billion Acquisition of AI Platform Hugging Face
    2. mashable.com — Nvidia to buy Hugging Face for $12.9 billion, report says
    3. finance.yahoo.com — Nvidia May Pay $12.9 Billion For Hugging Face And What It Means To You
    4. www.tekedia.com — Nvidia Agrees to Buy Hugging Face for $12.9B in Major AI Expansion
    5. yellow.com — Nvidia Reportedly Strikes $12.9B Deal To Buy Hugging Face
    6. thesource.com — Nvidia’s $12.9 Billion Hugging Face Deal Could Be A Monster Win For Kevin Durant
    7. finance.yahoo.com — Nvidia's $12.9bn Hugging Face swoop is really about filling the cloud capacity it has underwritten
    8. www.techrepublic.com — Nvidia’s $12.9B Hugging Face Bet: A New Battle for Control of the AI Stack
    confidence 70%

  2. Nvidia Agrees to Buy Hugging Face for $12.9 Billion

    Nvidia has agreed to acquire Hugging Face, an open-source AI model repository, for $12.9 billion. The deal puts Nvidia in control of a strategic platform used by open-source model developers. While several reports cite the $12.9 billion figure, other sources indicate the deal value may be more than $13 billion. Neither company has officially confirmed the transaction, though the reported price is nearly triple the valuation Hugging Face held in 2023.

    Why it matters

    Hugging Face operates as a GitHub-like hub for AI models. This acquisition allows Nvidia to control a primary platform for open-source AI development during a period of intense industry competition.

    What is confirmed

    • Nvidia has agreed to buy Hugging Face for $12.9 billion.
    • Hugging Face serves as an open-source AI model repository.

    Still unconfirmed

    • The deal price is nearly triple the 2023 valuation of Hugging Face.

    What to watch next

    • Official confirmation or denial of the deal from Nvidia or Hugging Face
    • Regulatory filings regarding the acquisition price and terms
    Sources used for this update (9)
    1. TechCrunch — Hugging Face reportedly in talks to be acquired for $13B
    2. Business Insider — Nvidia has been in talks to acquire Hugging Face for more than $13 billion
    3. Seeking Alpha — What is Hugging Face? (NVDA:NASDAQ)
    4. CNBC — Nvidia agrees to buy Hugging Face for $12.9 billion, report says
    5. PYMNTS.com — Nvidia Nearing $13 Billion Deal For AI Startup Hugging Face
    6. www.billionaires.africa — Jensen Huang's Nvidia to acquire open-source AI hub Hugging Face for $12.9 billion
    7. finance.yahoo.com — Nvidia May Spend $12.9 Billion to Control One of AI's Most Important Platforms
    8. enterpriseai.economictimes.indiatimes.com — Nvidia agrees to buy Hugging Face for $12.9 billion: Report
    9. www.theinformation.com — Nvidia Agrees to Buy Open Source AI Platform Hugging Face For $12.9 Billion
    confidence 80%
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