Nvidia is reportedly said to have reached an agreement to acquire the open-source artificial intelligence platform Hugging Face for $12.9 billion. The information was attributed to a source familiar with the matter, but has not yet been confirmed by Nvidia or Hugging Face.
Founded in 2016 by Clément Delangue, Julien Chaumond and Thomas Wolf, Hugging Face enables the sharing of artificial intelligence models, datasets and applications. The platform hosts approximately 3 million publicly available models, 1 million datasets and 1.4 million Spaces. Nvidia participated in the company’s $235 million funding round in 2023, during which Hugging Face was valued at $4.5 billion.
Why it matters
Hugging Face’s extensive archive of models, datasets and applications makes a potential acquisition important not only as a commercial transaction between the two companies, but also in terms of how open-source artificial intelligence tools will be positioned. Nvidia’s previous participation in the platform’s funding round shows that the relationship between the parties did not begin recently; however, the impact of a change in ownership on how Hugging Face operates remains unknown. The difference between the 2023 valuation and the alleged acquisition price also warrants further scrutiny of the company’s financial value reached in a short period. For now, the main unanswered question is whether the claim based on a single source will be confirmed by Nvidia and Hugging Face and, if there is an agreement, what its terms are.
Background
Nvidia is not a new name in the FikirPilot archive: we have published 5 articles mentioning this name in the past 90 days; the latest is dated 24 August 2026. The development covered here is added alongside those records in our archive; readers can follow the previous articles carrying the same name in the archive to see the full timeline.