EQUIPThe Verge · 03 Sept
Nvidia is buying Hugging Face for almost $13 billion
Executive Brief
The 30-second read
Nvidia has reached an agreement to acquire open-source AI platform Hugging Face for $12.93 billion. This strategic transaction integrates a leading repository of AI models and datasets into the world's primary hardware manufacturer.
- 01Nvidia acquires the central hosting platform for open-source AI models and developer tools
- 02The acquisition price is set at 12.93 billion dollars for the 2016-founded company
- 03Move consolidates AI software development resources under the dominant industry chipmaker
- 04Strategic shift brings vast community datasets and collaborative projects into Nvidia's proprietary ecosystem
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Business Travel Management 2026: Program Blueprint →AI-generated summary · Verify at source
Nvidia has agreed to buy Hugging Face for $12.93 billion, bringing one of the most popular hosting platforms for open-source AI models, datasets, and tools under the ownership of the world's biggest AI chipmaker. Hugging Face is an online platform founded in 2016 that gives AI developers a space to share their projects and data […]