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Nvidia reportedly negotiating $12.9 billion acquisition of Hugging Face
Nvidia is reportedly in negotiations to acquire Hugging Face, the leading open-source AI model hub, for approximately $12.9 billion. While the deal has not been officially confirmed or denied by either company, reports suggest the acquisition would represent one of the largest in Nvidia's history.
Hugging Face serves as a critical infrastructure layer for the AI industry, often described as the ‘GitHub for AI,’ hosting over 3 million open large language models and serving millions of developers. Analysts suggest the high valuation—roughly 86 times Hugging Face's reported $150 million annual recurring revenue—reflects Nvidia's strategic interest in controlling the distribution layer of open-source AI. This move could serve as a defensive measure against closed-platform competitors like OpenAI and Anthropic, who are increasingly developing their own custom AI chips.
In addition to the Hugging Face talks, Nvidia is also reportedly exploring a multi-billion dollar investment in the AI search company Perplexity. These moves follow a record-breaking second quarter for Nvidia, which reported $96.2 billion in revenue, driven by massive demand for its data center and AI hardware.
Entities
Hugging Face · Jensen Huang · Nasdaq · Nvidia · OpenAI · Perplexity · The Information
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Hugging Face hosts over 3 million open large language models (LLMs). technews.bg · yesky.com
- [DISPUTED] The acquisition deal has not yet been officially confirmed or denied. www.global-esports.news · yesky.com · www.businessinsider.jp · www.comparethecloud.net · technews.bg · +1 more
- [DISPUTED] Hugging Face has 13 million users and over two million public models. www.global-esports.news · technews.bg · yesky.com
- [● 9 SOURCES] Nvidia plans to acquire the AI model hub Hugging Face for $12.9 billion. www.global-esports.news · technews.bg · yesky.com · www.ad-hoc-news.de · www.businessinsider.jp · +2 more
- [● 2 SOURCES] Nvidia has been an investor in Hugging Face since 2023. www.global-esports.news
- [● 2 SOURCES] Nvidia is in talks to invest in the AI search company Perplexity. www.comparethecloud.net
- [● 4 SOURCES] Hugging Face's annual recurring revenue reached $150 million in August 2026. technews.bg · yesky.com · www.comparethecloud.net
- [● 3 SOURCES] Nvidia reported second-quarter revenue of $96.2 billion. www.ad-hoc-news.de · www.kapitalmarktexperten.de