Nvidia agrees to buy Hugging Face for $12.9BN, says report
Tech.eu John Reynolds ● Covered by 5 sources
Rumor — unconfirmed reporting.
Report says Nvidia will buy Hugging Face for $12.9bn. That would fold one of AI’s main model hubs into the chip giant’s orbit.
Based on reporting by Tech.eu, John Reynolds — read the original for the full story.
Summary, retelling and take written by AI under human oversight; images are AI-generated illustrations. How we work · Report an error
Nvidia has reportedly agreed to buy Hugging Face for $12.9bn, according to The Information, which cited a person familiar with the deal. Neither company has confirmed it, but if it happens, this would be one of Nvidia’s biggest acquisitions yet.
The target is no small bolt-on. Hugging Face, founded by three French entrepreneurs and now based in New York, has become the place many developers go to find AI models, tools, datasets and a community built around sharing and collaboration. People often call it the GitHub of AI, which is shorthand for how central it’s become.
Nvidia already knows the company well. It backed Hugging Face in 2023 with a $235m Series D round that valued the startup at $4.5bn, the last figure publicly attached to it. A jump from that number to a reported $12.9bn says a lot about how much the market thinks the platform matters.
And this fits Nvidia’s wider play. The chip giant has been putting billions into AI companies including OpenAI, Anthropic, CoreWeave and Nebius, trying to keep the whole sector moving along with its hardware. The timing is also notable: Nvidia said second-quarter revenue more than doubled year on year to $96.2bn, helped by rising use of AI agents.
My take — AI-written commentary, not fact-checked reporting
This is the cleanest kind of vertical power move: own the chips, then own the place where everyone builds on top of them. If regulators ever needed a simple story about AI concentration, this is it. Hugging Face has been one of the few genuinely open hubs in a very closed-money industry, and that’s exactly why big players want it.
Read more about this at: Tech.eu
