Nvidia Reportedly Buying Hugging Face for $12.9 Billion: Open Source AI's Public Shelf Would Change Hands, and Neither Company Has Said a Word
The Information reported first on August 27, citing a person with knowledge of the agreement, that Nvidia has agreed to acquire Hugging Face for $12.9 billion. Accounts differ: Business Insider reported last week that talks would value the company above $13 billion but had not produced a signed agreement and could still fall apart, while CNBC's source would only confirm an acquisition "has been part of ongoing and recent talks." Neither company responded to requests for comment and no official announcement exists — TechCrunch noted Nvidia's silence is unusual, since it has historically moved fast to push back on reports it considers inaccurate. Hugging Face was valued at $4.5 billion in 2023 with roughly $150 million in annualized revenue.











