Nvidia has been in talks to acquire Hugging Face for more than $13 billion
Nvidia has agreed to buy Hugging Face, an open-source AI model repository, for $12.9 billion. The deal expands Nvidia's AI dealmaking and cloud computing ambitions by giving it control of the model distribution layer. Hugging Face hosts over 1 million open-source AI models used by developers, enterprises, and research groups worldwide.
What changed
Nvidia and Hugging Face have reportedly finalized a deal valued at $12.9 billion, with multiple sources corroborating the terms.
Live updates
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Nvidia agrees to acquire Hugging Face for $12.9 billion
Nvidia has agreed to buy Hugging Face, an open-source AI model repository, for $12.9 billion. The deal expands Nvidia's AI dealmaking and cloud computing ambitions by giving it control of the model distribution layer. Hugging Face hosts over 1 million open-source AI models used by developers, enterprises, and research groups worldwide.
Why it matters
The acquisition marks a significant move by Nvidia to broaden its presence in the AI ecosystem beyond its core hardware focus. Hugging Face has become a crucial hub for open-source AI models, and its integration with Nvidia's offerings could have far-reaching implications for businesses and developers. The deal is subject to regulatory approvals.
What is confirmed
- Nvidia agreed to acquire Hugging Face for $12.9 billion.
- Hugging Face hosts over 1 million open-source AI models.
- The deal expands Nvidia's AI dealmaking and cloud computing ambitions.
Still unconfirmed
- The acquisition could draw regulatory scrutiny.
What to watch next
- Regulatory approval of the acquisition
- Integration of Hugging Face's models with Nvidia's offerings
- Impact on the open-source AI community
confidence 95%Sources used for this update (8)
- finance.yahoo.com — What Nvidia’s $13 Billion Hugging Face Deal Means For Companies Using AI
- www.eweek.com — From GPUs to Models: How Nvidia Is Expanding Its AI Empire
- thenextweb.com — Hugging Face built a $4.5 billion empire on free AI models. Now Nvidia is buying it for $12.9 billion
- finance.yahoo.com — What Could Nvidia (NVDA) Gain From Its $12.9 Billion AI Platform Deal?
- startupfortune.com — Nvidia Is Closing In On A $12.9 Billion Deal To Buy Hugging Face
- finance.yahoo.com — A Major $12.9 Billion Catalyst Is Brewing for Nvidia Stock
- eu.36kr.com — Hugging Face is thrown in at the deep end, with a price tag of just $399.
- www.forbes.com — Nvidia Is Not Microsoft And Hugging Face Is Not GitHub
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Nvidia in talks to acquire Hugging Face for $12.9 billion
Nvidia is nearing a deal to acquire Hugging Face, an open-source AI model repository, for $12.9 billion. The acquisition would allow Nvidia to control the model distribution layer, expanding its AI dealmaking and cloud computing ambitions. Hugging Face is home to over 1 million open-source AI models.
Why it matters
This move is part of Nvidia's strategy to pivot from hardware to ecosystem control in the AI sector. The acquisition comes three years after Hugging Face previously declined an investment from Nvidia. The deal would signal a new AI land grab, with Nvidia competing with Chinese open models like Qwen and Kimi.
What is confirmed
- Nvidia is paying $12.9 billion for Hugging Face.
- Hugging Face has over 1 million open-source AI models.
- Nvidia's fiscal 2027 second-quarter revenue rose 106% to $96.22 billion.
Still unconfirmed
- Nvidia's talks for a valuation exceeding $13 billion
What to watch next
- Nvidia's earnings release
- Regulatory approval for the acquisition
- Impact on the AI chip sector
confidence 90%Sources used for this update (6)
- www.aol.com — Morning Bid: Six months and counting
- www.forbes.com — Nvidia May Pay $12.9 Billion For Hugging Face And What It Means To You
- finance.yahoo.com — Nvidia to buy Hugging Face for $12.9 billion, report says
- www.ad-hoc-news.de — Nvidia's $12.9 Billion Open-Source Gambit: The AI Chip King Pivots From Hardware to Ecosystem ...
- startupfortune.com — Nvidia's $12.9 Billion Bid for Hugging Face Signals a New AI Land Grab
- en.sedaily.com — Nvidia Revenue Doubles on AI Demand, CEO Sees 70% Growth Next Year
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Nvidia reaches agreement to acquire Hugging Face for $12.9 billion
Nvidia has agreed to purchase Hugging Face, an open-source AI model repository, for $12.9 billion. While some reports indicate talks for a valuation exceeding $13 billion, multiple sources cite the specific $12.9 billion figure. The acquisition allows Nvidia to control the model distribution layer where developers select their software and determine future compute requirements. This move expands Nvidia's AI dealmaking and cloud computing ambitions three years after Hugging Face previously declined an investment from the chip manufacturer.
Why it matters
Hugging Face serves as a central hub for open-source AI models. By acquiring this repository, Nvidia positions itself at the intersection of model selection and hardware demand.
What is confirmed
- Nvidia agreed to buy Hugging Face for $12.9 billion.
- Nvidia previously attempted to invest in Hugging Face three years ago.
- Hugging Face operates as a repository for open-source AI models.
Still unconfirmed
- The acquisition valuation is more than $13 billion.
- Nvidia is using the deal to expand its cloud computing ambitions.
What to watch next
- Official confirmation of the purchase price from Nvidia or Hugging Face
- Regulatory approval filings for the acquisition
- Details on how Hugging Face will integrate into Nvidia's cloud ecosystem
confidence 80%Sources used for this update (12)
- TechCrunch — Hugging Face reportedly in talks to be acquired for $13B
- Business Insider — Nvidia has been in talks to acquire Hugging Face for more than $13 billion
- The Information — Nvidia Agrees to Buy Open Source Model Repository Hugging Face For $12.9 Billion
- Bloomberg — Nvidia Discussed Buying AI Startup Hugging Face, Insider Says
- Reuters — Nvidia in talks to acquire Hugging Face in $13 billion deal, Business Insider reports
- Gizmodo — Nvidia Reportedly Stops Flirting With Hugging Face and Just Buys It
- TechCrunch — Nvidia closes in on Hugging Face acquisition
- www.businessinsider.com — Nvidia has been in talks to acquire Hugging Face for more than $13 billion
- lufkindailynews.com — Nvidia in talks to acquire Hugging Face in $13 billion deal, Business Insider reports
- thenextweb.com — Nvidia is reportedly in talks to buy Hugging Face for $12.9bn
- americanbazaaronline.com — Nvidia in talks to acquire Hugging Face for nearly $13 billion
- www.forbes.com — Nvidia Moves To Buy Hugging Face To Shape The Model Distribution Layer