# Nvidia Agrees to Buy Hugging Face for $12.9 Billion, Report Says

*2026-08-28 10:01 UTC · AI · 1 min read*

> Nvidia has reportedly agreed to buy open-source AI platform Hugging Face for about $12.9 billion, tripling its 2023 valuation.

Nvidia has agreed to acquire Hugging Face, the widely used open-source AI model-sharing platform, for roughly $12.9 billion, according to The Information. The deal would value Hugging Face at over $13 billion — nearly triple the $4.5 billion valuation it commanded in 2023.

Talks reportedly began after Hugging Face drew acquisition interest from another suitor, and follow Nvidia's rejection of an earlier $500 million investment offer at a $7 billion valuation in late 2025. Hugging Face's annual revenue has grown to roughly $150 million, up from $100 million just two months earlier, and its CEO said in July the company was "close to profitability."

The move would let Nvidia both defend its chip dominance — as OpenAI, Google, Amazon and Anthropic build their own custom AI silicon — and re-enter the cloud business by reselling capacity through Hugging Face's infrastructure. No agreement has been signed yet, and the talks could still fall apart.

## Sources

- [techcrunch.com](https://techcrunch.com/2026/08/26/nvidia-closes-in-on-hugging-face-acquisition/)
- [cnbc.com](https://www.cnbc.com/2026/08/27/nvidia-hugging-face-acquisition.html)

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TechTools News · https://techtools.cz/tools/news/article/2269-nvidia-agrees-to-buy-hugging-face-for-12-9-billion-report-says
Česká verze: https://techtools.cz/tools/news/clanek/2342-nvidia-se-podle-zpravy-dohodla-na-koupi-hugging-face-za-12-9-miliardy-dolaru