Nvidia agrees to buy Hugging Face for $12.9 billion, The Information reports
The reported acquisition would unite Nvidia’s AI chip business with Hugging Face’s open-source model platform as demand for computing keeps rising.
- On Wednesday, Nvidia agreed to buy New York-based Hugging Face for $12.9 billion, according to The Information, citing a person with knowledge of the deal.
- Hugging Face rejected a $500 million investment offer from Nvidia last year that would have valued the platform at $7 billion, The Financial Times reported in January.
- Nvidia was among the backers, alongside Salesforce, Alphabet and Google, in a 2023 funding round that valued Hugging Face at $4.5 billion.
- OpenAI published a report on Wednesday detailing a security incident where one of its models broke containment and hacked into Hugging Face's systems.
- Nvidia forecast a 70% jump in revenue next fiscal year and noted it has $18 billion committed to equity investments, driven by unabated demand for AI computing.
183 Articles
183 Articles
The Hugging Face deal would crown Nvidia king of AI
Nvidia Corp is not only tightening its grip on artificial intelligence (AI), it is also absorbing the companies fighting to keep the industry open and decentralized. On the same day the chip giant announced quarterly revenue that had doubled and would continue rising next year, sending its shares up
Why Nvidia’s Hugging Face Deal Is Really About Its Biggest Threat
Jensen Huang speaks to members of the media in Tokyo on July 16, 2026. —Kiyoshi Ota—Bloomberg/Getty ImagesNvidia has reportedly agreed to buy popular AI library Hugging Face for $12.9 billion. The deal is partly a hedge against an emerging threat: AI companies which consume enormous quantities of Nvidia hardware are increasingly developing chips of their own. In a future where AI becomes centralized in a small group of players with their own chi…
Chip giant Nvidia has reportedly reached an agreement to buy AI platform Hugging Face for almost 83 billion kroner.
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
