Nvidia Close to Acquiring Hugging Face for $12.9 Billion

According to The Information, Nvidia agreed on August 26 to acquire Hugging Face for $12.9 billion — despite a $4.5 billion valuation in 2023 and annual revenue of around $150 million; the parties have not officially confirmed the deal.

Compiled by Sergey KostenchukPublished 2026-09-01Updated 2026-09-18

2026-09-01 Business OpenAI

💼 Nvidia Close to Acquiring Hugging Face for $12.9 Billion

According to The Information, an agreement was reached on August 26 to acquire Hugging Face for $12.9 billion — despite a $4.5 billion valuation in the 2023 round and annual revenue of around $150 million. The parties have not officially confirmed the deal.

🌍 Nvidia gains the main hub for open models: this protects GPU demand from the open-source ecosystem against its own chips from OpenAI, Google, Amazon, and Anthropic, returns the company to the cloud, and provides a market for unused compute.

👤 The main open repository of models may transition from a neutral company to a GPU seller — it is worth monitoring the platform's independence. Bonus: the Microduck robot duck for $399 with an open SDK — practice in physical AI.

Source 1: https://techcrunch.com/2026/08/24/hugging-face-reportedly-in-talks-to-be-acquired-for-13b/ Source 2: https://techcrunch.com/2026/08/26/nvidia-closes-in-on-hugging-face-acquisition/

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