Nvidia agrees to buy Hugging Face for $12.9 billion
Nvidia has agreed to buy AI platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal. The Financial Times reported in January that Hugging Face last year rejected a $500 million investment offer from Nvidia that would have valued it at $7 billion.
- ✓Nvidia has agreed to buy AI platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.
- ✓AgenciesNvidia has agreed to buy AI platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.
- ✓Nvidia on Wednesday forecast a 70% jump in revenue next fiscal year, underscoring unabated demand for AI computing.
- ✓Nvidia also said it has $18 billion committed to equity investments for the rest of 2027 fiscal year.
(Catch all the Technology News News, and Latest News Updates on The Economic Times.)
SynopsisNvidia has agreed to buy AI platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal. The Financial Times reported in January that Hugging Face last year rejected a $500 million investment offer from Nvidia that would have valued it at $7 billion.
AgenciesNvidia has agreed to buy AI platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.
The chipmaker and New York-based Hugging Face, which hosts open-source large language models and datasets, did not immediately respond to Reuters requests for comment outside regular business hours.
Nvidia was among the backers, alongside Salesforce and Alphabet's Google, that backed Hugging Face in a $235 million funding round in 2023 that valued the company at $4.5 billion.
The Financial Times reported in January that Hugging Face last year rejected a $500 million investment offer from Nvidia that would have valued it at $7 billion.
Nvidia on Wednesday forecast a 70% jump in revenue next fiscal year, underscoring unabated demand for AI computing. Nvidia also said it has $18 billion committed to equity investments for the rest of 2027 fiscal year.
(Reporting by Carlos Mendez in Mexico City; Editing by Rashmi Aich and Subhranshu Sahu)
Read more news onNvidiaHugging FaceAI platformlarge language models$12.9 billion acquisition
(Catch all the Technology News News, and Latest News Updates on The Economic Times.)
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| Issuing Authority | ET Tech & Digital India |
|---|---|
| Topic Category | TECHNOLOGY |
| Jurisdiction | All India / National |
| Publication Date | 27 August 2026 |