Nvidia has agreed to acquire Hugging Face, an open-source AI model repository, in a deal valued at $12.9 billion, according to livemint.com. The acquisition, reported on August 27, 2026, would be one of Nvidia's largest to date and highlights the company's continued investment in AI technologies. Hugging Face's annualized revenue stands at $150 million, making the valuation notably high relative to its current earnings.
The deal was reported by The Information and confirmed by a person familiar with the matter, as detailed by livemint.com. Nvidia, led by CEO Jensen Huang, has been actively expanding its AI capabilities through acquisitions and partnerships. The acquisition process has been closely followed by industry watchers, with TechCrunch noting Nvidia's progress toward closing the deal as of August 26, 2026.
This acquisition underscores Nvidia's strategic focus on AI and machine learning infrastructure. Hugging Face is a key player in the AI community, known for its extensive open-source model hub that supports developers and enterprises. The $12.9 billion price tag significantly exceeds Hugging Face's revenue, reflecting the premium Nvidia is willing to pay to strengthen its AI ecosystem. Comparable deals in the sector have shown increasing valuations as demand for AI tools grows.
The acquisition is expected to finalize soon, marking a major milestone for Nvidia's AI ambitions. The deal size places it among Nvidia's top acquisitions, signaling the company's commitment to expanding its AI model offerings and developer tools. The next official update on the acquisition status is anticipated shortly, as Nvidia moves to integrate Hugging Face's resources into its AI portfolio.