Nvidia closes in on Hugging Face acquisition | TechCrunch
Nvidia has agreed to acquire Hugging Face for approximately $12.9 billion. The agreement has been reached but no formal documents have been signed yet.
According to TechCrunch, Nvidia has agreed to acquire the AI platform Hugging Face for $12.9 billion, with the transaction valued at over $13 billion. Previously, Business Insider noted that no formal documents had been signed and there was a possibility of termination, but latest reports indicate that the agreement has been reached. Hugging Face was founded in 2016 and is a major platform for developers to share and download open-source AI models. This acquisition aims to strengthen Nvidia’s position in the field of open-source AI, in order to counter the decreasing reliance on Nvidia’s hardware by closed-source laboratories such as OpenAI, Google, Amazon, and Anthropic. Clem Delangue, CEO of Hugging Face, publicly supported Nvidia’s open-source strategy this year and has collaborated with several industry leaders, including Jensen Huang, to promote related partnerships.
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Funding / M&A$12.9 billion
Nvidia拟收购 Hugging Face
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Nvidia has agreed to acquire Hugging Face for approximately $12.9 billion. The agreement has been reached but no formal documents have been signed yet.
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2026-08-26
Nvidia is nearing completion of the acquisition of Hugging Face
TechCrunch reports that Nvidia has agreed to acquire Hugging Face for $12.9 billion (valuation exceeding $13 billion). According to sources familiar with the deal, the agreement has been reached. Previously, Business Insider noted that no formal documents had been signed during negotiations…
2026-09-03
Nvidia agrees to acquire Hugging Face
TechCrunch, AI Business, and NVIDIA Newsroom all report that Nvidia has agreed to acquire Hugging Face for $1.293 billion (valuation exceeding $13 billion). Both parties will expand their platforms and strengthen their infrastructure.
NVIDIA has agreed to acquire Hugging Face for $1.293 billion. The two parties will jointly expand Hugging Face’s platform, strengthen its infrastructure, and increase access to AI for global developers and organizations. Over the past decade, Clem, Julien, Thomas, and the Hugging Face team have built a dynamic platform available for use by developers and organizations.
Nvidia secured a key victory in the artificial intelligence competition by acquiring Hugging Face. Although public attention was focused on the competition among model providers such as Anthropic, OpenAI, and Google, Nvidia has become the current focus.