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NewsDeals · NVDA

Nvidia reportedly agrees to acquire Hugging Face for $12.9 billion

A reported $12.9 billion deal would give Nvidia (NVDA) ownership of Hugging Face, the open source AI platform, as the chipmaker moves to expand deeper into the AI ecosystem. The agreement has not been confirmed by either company.

By Talia GreenwoodNewsroomAugust 27, 20262 min readNVDA
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Key takeaways

  • Nvidia has reportedly agreed to acquire the open source AI platform Hugging Face for $12.9 billion.
  • Neither Nvidia nor Hugging Face has confirmed the reported agreement.
  • The acquisition would push Nvidia deeper into the AI ecosystem by extending its reach through Hugging Face's open source AI platform.
  • The deal remains at a reported status and would be confirmed by a formal statement or regulatory filing from either company.

A reported $12.9 billion deal would give Nvidia (NVDA) ownership of Hugging Face, the open source AI platform, as the chipmaker moves to expand deeper into the AI ecosystem. The agreement has not been confirmed by either company.

Nvidia's move, as the report frames it, carries the chipmaker deeper into the AI ecosystem. Hugging Face's role as an open source AI platform would extend Nvidia's reach into territory beyond what the chipmaker currently occupies.

A formal statement or regulatory filing from either Nvidia or Hugging Face would confirm terms and move the deal past its current reported status. That is the marker the NVDA setup is waiting on.

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About this story

Filed by the newsroom of MarketPR on August 27, 2026. Source: cnbc.com. Indicative figures are not investment advice.

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Frequently asked

How much is Nvidia reportedly paying to acquire Hugging Face?

Nvidia has reportedly agreed to acquire Hugging Face for $12.9 billion.

Have Nvidia and Hugging Face confirmed the deal?

No, the agreement has not been confirmed by either company and remains at a reported status.

Why would Nvidia want to acquire Hugging Face?

The acquisition would carry Nvidia deeper into the AI ecosystem, extending the chipmaker's reach through Hugging Face's role as an open source AI platform.

What would confirm that the deal is official?

A formal statement or regulatory filing from either Nvidia or Hugging Face would confirm the terms and move the deal past its current reported status.