Nvidia agreed to acquire Hugging Face for about $12.9–$13 billion
Acquisition Provisional 72% confidence first seen
Two outlets report that Nvidia reached an agreement to acquire Hugging Face for roughly $12.9–$13 billion, described as about three times Hugging Face’s 2023 valuation. The coverage frames the deal as part of broader consolidation among large tech firms targeting open-weight AI infrastructure and tooling to gain control over distribution, compute, and self-hosting capabilities.
The deal
Hugging Face about $12.9–$13 billion Acquisition · announced 28 Aug 2026
Deal terms as reported in the coverage below.