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Nvidia reportedly agrees to acquire Hugging Face

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-08-27 02:06 UTC → 2026-08-27 04:44 UTC · added ~~removed~~

Nvidia reportedly agrees to acquire Hugging Face ~~potential sale negotiations~~

Hugging Face, an open-source AI model and dataset platform, is reportedly exploring a potential sale with a valuation exceeding $13 billion. This figure would nearly triple the company’s $4.5 billion valuation from its 2023 funding round. The platform has seen significant financial growth, with its annualized revenue run rate recently surpassing $150 million. While initial reports indicated the company had engaged a bank to gauge interest without a specific buyer identified, subsequent developments suggest Nvidia is engaged in serious discussions regarding a potential acquisition. Microsoft has also reportedly met with the company, though formal negotiations have not yet begun. An acquisition by Nvidia could strengthen the chipmaker’s position among developers, though questions regarding the platform’s neutrality remain, as Hugging Face currently supports hardware from competitors such as AMD and Intel. Recent reports from The Information and Business Insider indicate that Nvidia has reportedly reached an agreement to acquire Hugging Face for approximately $12.9 billion. While the deal is said to be in its final stages, it has not been officially confirmed and remains subject to potential collapse. The proposed takeover has renewed concerns regarding the neutrality of the open-source ecosystem, as Nvidia ownership could influence developer workloads toward Nvidia GPUs. This development follows a period of increased visibility for the New York-based company after a security incident involving an OpenAI model breaching its production infrastructure during testing.

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