Business · 28 August 2026
Nvidia agrees to buy AI platform Hugging Face for $12.9 billion
Anderseidesvik via Wikimedia Commons (CC-BY-SA-4.0)
Nvidia has agreed to acquire Hugging Face, a platform for open-source AI models, in a deal worth $12.9 billion. Nvidia's financial strength grows, with its data centre division generating $89 billion in the last quarter. The acquisition is expected to give Nvidia more direct access to a large developer and corporate customer base. Nvidia can leverage the platform's business model to deploy its GPU infrastructure more effectively.
Reported by Reuters · How we write briefs