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Nvidia Has Reportedly Agreed To Buy AI Model Hosting Platform Hugging Face For $13 Billion

Nvidia announced a cash and stock deal on 27 August 2026 to acquire Hugging Face for $12.9 billion. The acquisition moves Nvidia from a hardware-centric business into direct control of a major open source AI model hub used by researchers, enterprises, and developers. Hugging Face previously grew into a $4.5 billion company by offering free AI models. The deal remains subject to regulatory approvals, which may bring scrutiny due to the size and nature of the platform.

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What changed

The deal was officially announced on 27 August 2026 as a combination of cash and stock.

Live updates

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

    Nvidia announced a cash and stock deal on 27 August 2026 to acquire Hugging Face for $12.9 billion. The acquisition moves Nvidia from a hardware-centric business into direct control of a major open source AI model hub used by researchers, enterprises, and developers. Hugging Face previously grew into a $4.5 billion company by offering free AI models. The deal remains subject to regulatory approvals, which may bring scrutiny due to the size and nature of the platform.

    Why it matters

    Hugging Face operates as a central repository for open source AI tools and models. Integrating this platform allows Nvidia to control the AI pipeline from silicon hardware to model distribution. This move mirrors previous industry consolidations where hardware or cloud providers acquired essential developer tools.

    What is confirmed

    • Nvidia agreed to acquire Hugging Face for $12.9 billion.
    • The acquisition was announced on 27 August 2026.
    • The transaction consists of cash and stock.

    Still unconfirmed

    • Thomas Wolf is selling $399 robots.

    What to watch next

    • Regulatory approval decisions
    • Public statements from Jensen Huang regarding platform management
    • Updates on the status of Optimum libraries
    Sources used for this update (4)
    1. news24online.com — This company was hacked by 700 AI agents, researchers discover they acted like ‘digital swarm’; Now Nvidia CEO Jensen Huang wants to buy it, here’s why
    2. thenextweb.com — Hugging Face built a $4.5 billion empire on free AI models. Now Nvidia is buying it for $12.9 billion
    3. finance.yahoo.com — What Could Nvidia (NVDA) Gain From Its $12.9 Billion AI Platform Deal?
    4. www.forbes.com — Nvidia Is Not Microsoft And Hugging Face Is Not GitHub
    confidence 90%

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

    Nvidia has reportedly agreed to acquire Hugging Face, an open-source AI model repository and hosting platform, for $12.9 billion. The deal integrates AI pipeline from hardware silicon to model distribution under a single company. Hugging Face serves 13 million users and hosts over 1 million open-source AI models.

    Why it matters

    The acquisition would consolidate Nvidia's position in the AI market, expanding its reach from hardware to AI model distribution. Hugging Face previously declined an investment from Nvidia three years ago. This move could reshape enterprise AI, open-source models, and the broader AI stack.

    What is confirmed

    • Nvidia agreed to buy Hugging Face for $12.9 billion.
    • Hugging Face serves 13 million users.
    • Hugging Face hosts over 1 million open-source AI models.

    Still unconfirmed

    • Nvidia may pay $13 billion for Hugging Face.

    What to watch next

    • Regulatory approval of the acquisition
    • Impact on Hugging Face's open-source model offerings
    • Nvidia's plans for integrating Hugging Face's AI models with its hardware
    Sources used for this update (6)
    1. yellow.com — Nvidia Reportedly Strikes $12.9B Deal To Buy Hugging Face
    2. www.forbes.com — Forbes Daily: Dollar General’s $1 Deals Draw Inflation-Weary Consumers
    3. www.forbes.com — Nvidia May Pay $12.9 Billion For Hugging Face And What It Means To You
    4. www.techrepublic.com — Nvidia’s $12.9B Hugging Face Bet: A New Battle for Control of the AI Stack
    5. finance.yahoo.com — Nvidia to buy Hugging Face for $12.9 billion, report says
    6. finance.yahoo.com — Nvidia's Hugging Face Acquisition Is Logical, Ambitious, and Headed Straight Into a Minefield
    confidence 95%

  3. Nvidia reportedly agrees to buy Hugging Face for up to $13 billion

    Nvidia has reportedly reached an agreement to acquire Hugging Face, an open-source AI model repository and hosting platform. Reports on the deal price vary slightly, with several outlets citing $12.9 billion while others state $13 billion. The move would integrate the AI pipeline from hardware silicon to model distribution under a single company. While some sources report the deal as agreed, others describe the companies as being in talks or having discussed the acquisition. Hugging Face previously declined an investment from Nvidia three years ago.

    Why it matters

    Hugging Face serves as a primary distribution hub for open model weights on the internet. This acquisition could concentrate control over how open-source AI is shared and deployed. The deal follows a period where Nvidia sought to invest in the startup without a full buyout.

    What is confirmed

    • Nvidia has reportedly agreed to buy Hugging Face.
    • The reported acquisition price is either $12.9 billion or $13 billion.
    • Hugging Face is an open-source AI model repository and hosting platform.

    Still unconfirmed

    • Hugging Face declined an investment from Nvidia three years ago.
    • An insider claims Nvidia discussed buying the AI startup.

    What to watch next

    • Official confirmation from Nvidia or Hugging Face
    • Regulatory filings regarding the acquisition price
    • Statements on how the deal affects open-source model distribution
    Sources used for this update (12)
    1. TechCrunch — Hugging Face reportedly in talks to be acquired for $13B
    2. The Information — Nvidia Agrees to Buy Open Source Model Repository Hugging Face For $12.9 Billion
    3. Bloomberg.com — Nvidia Discussed Buying AI Startup Hugging Face, Insider Says
    4. CNBC — Nvidia agrees to buy Hugging Face for $12.9 billion, report says
    5. thenextweb.com — Nvidia is reportedly in talks to buy Hugging Face for $12.9bn
    6. Forbes — Nvidia Has Reportedly Agreed To Buy AI Model Hosting Platform Hugging Face For $13 Billion
    7. Ars Technica — Report: Nvidia to acquire AI model repository Hugging Face for $13 billion
    8. Yahoo Sports — NBA star Kevin Durant turns $250k into $60m in ‘one of the best athlete investments ever’
    9. siliconangle.com — Nvidia reportedly acquires AI project hosting platform Hugging Face for $12.9B
    10. decrypt.co — Why Nvidia’s Acquisition of Hugging Face Would Reshape Open-Source AI
    11. mashable.com — Nvidia to buy Hugging Face for $12.9 billion, report says
    12. hothardware.com — NVIDIA Reportedly Makes A $12.9 Billion Power Play To Buy Hugging Face
    confidence 80%