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Nvidia to acquire Hugging Face for $12.9 billion
Nvidia has reportedly agreed to acquire the open-source AI platform Hugging Face for approximately $12.9 billion. This strategic move aims to expand Nvidia's influence beyond semiconductor hardware into the software and model distribution layers of the AI ecosystem. Hugging Face serves as a central hub for developers to host and share millions of AI models and datasets.
The acquisition comes alongside strong financial performance from Nvidia. The company reported $96.2 billion in revenue for its second fiscal quarter, driven largely by a 117% increase in data center revenue. Following these results, Nvidia's stock rose nearly 9%, and its market capitalization reached approximately $5.52 trillion.
CEO Jensen Huang noted that demand for AI remains exceptionally high, stating that demand is “much greater than 70% growth.” Looking ahead, Nvidia expects revenue growth of 70% for fiscal year 2028. The company is also expanding its infrastructure partnerships, including plans for Amazon Web Services to deploy an additional 2 million Nvidia GPUs.
Entities
AWS · Amazon · Amazon Web Services · Clement Delangue · Colette Kress · Hugging Face · Jensen Huang · Nvidia · OpenAI · The Information
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 16 SOURCES] Nvidia has reportedly agreed to acquire Hugging Face for a price estimated between $11.2 billion and $13 billion. unwire.pro · megafon.si · www.itnow.connectab2b.com · bitnewsbot.com · eloutput.com · +1 more
- [● 27 SOURCES] Nvidia is in talks to acquire Hugging Face for approximately $12.9 billion. unwire.pro · megafon.si · bitnewsbot.com · www.itnow.connectab2b.com · eloutput.com · +12 more
- [● 8 SOURCES] The AWS deployment will include Blackwell Ultra, Rubin, and Rubin Ultra GPU models. www.cloudcomputing-news.net · www.thehubnews.net
- [● 9 SOURCES] Amazon Web Services (AWS) plans to deploy an additional 2 million Nvidia GPUs by 2028. www.cloudcomputing-news.net · www.thehubnews.net · new.trn.mk
- [● 6 SOURCES] Nvidia is integrating Vera CPUs into AWS infrastructure to support agentic AI. www.thehubnews.net
- [● 4 SOURCES] AWS plans to build dedicated AI infrastructure with 100,000 GPUs for US federal workloads. www.cloudcomputing-news.net · www.thehubnews.net
- [● 4 SOURCES] Nvidia's net income for the second fiscal quarter reached $59.7 billion. megafon.si · conservativedailynews.com · raillynews.com · www.brownstoneresearch.com
- [● 11 SOURCES] Nvidia reported $96.2 billion in revenue for its second fiscal quarter. megafon.si · conservativedailynews.com · raillynews.com · phocapblockchain.net · bitnewsbot.com · +4 more
- [● 3 SOURCES] Nvidia CEO Jensen Huang stated that demand for AI is much greater than 70% growth. biznis.me · new.trn.mk
- [● 4 SOURCES] Nvidia expects revenue growth of 70% for fiscal year 2028. new.trn.mk · biznis.me
- [● 4 SOURCES] Hugging Face's annualized revenue is approximately $150 million. www.itnow.connectab2b.com · bitnewsbot.com · www.singtaousa.com · www.magazinemanagement.gm-bolivia.com
- [● 2 SOURCES] Nvidia's stock rose nearly 9% following its earnings report. biznis.me