https://www.live-feeds.com/feed/nvidia-agrees-to-buy-hugging-face-for-12-9-billion-report-saysContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nvidia-agrees-to-buy-hugging-face-for-12-9-billion-report-sayshttps://www.live-feeds.com/feed/nvidia-agrees-to-buy-hugging-face-for-12-9-billion-report-says#u51363Sat, 29 Aug 2026 06:15:25 +0000Nvidia 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 mattersHugging Face serves as a central repository for the AI https://www.live-feeds.com/feed/nvidia-agrees-to-buy-hugging-face-for-12-9-billion-report-sayshttps://www.live-feeds.com/feed/nvidia-agrees-to-buy-hugging-face-for-12-9-billion-report-says#u50198Fri, 28 Aug 2026 00:21:35 +0000Nvidia 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 mattersHugging Face operates as a GitHub-like hub for AI models. This acquisition allows Nvidia to control a primary platform for open-sour