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Nvidia agrees to acquire Hugging Face for $12.9 billion

Nvidia has reportedly reached an agreement to purchase the AI platform Hugging Face for $12.9 billion, marking a significant move in the company's expansion into artificial intelligence.

27 August 2026Tagblick Newsdesk

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Archive photo: Nvidia agrees to acquire Hugging Face for $12.9 billion — Archive photoPhoto: deltaMike · Flickr · BY

Nvidia has reportedly reached a deal to acquire Hugging Face for approximately $12.9 billion. This acquisition is poised to enhance Nvidia's position in the artificial intelligence (AI) sector, particularly in the realm of open-source AI technologies.

Hugging Face, a Franco-American company, operates as a repository for open AI models, enabling developers to share and access various AI resources. Founded by three French entrepreneurs, the platform has gained significant traction and recognition in the AI community.

The reported acquisition is part of Nvidia's ongoing strategy to expand deeper into the AI ecosystem, as the chip manufacturer seeks to bolster its offerings amid growing interest in AI technologies. This move is seen as a pivotal step in strengthening Nvidia's influence over AI development and deployment.

In a recent funding round in 2023, Hugging Face was valued at $4.5 billion, with notable backing from major players such as Salesforce and Alphabet, the parent company of Google. This funding round raised $235 million, reflecting the increasing investment in AI technologies.

Should the acquisition be finalized, it would mark one of the largest deals in Nvidia's history, underscoring the company's aggressive expansion in the AI domain. Reports from multiple sources, including The Information and Business Insider, confirm the details surrounding this acquisition.

Nvidia's strategy focuses on enhancing its capabilities in providing AI solutions and infrastructure, with Hugging Face's model repository serving as a critical asset in this effort. As the interest in open-source AI continues to grow, the acquisition aligns with Nvidia's objectives to remain at the forefront of technology innovation.

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