Nvidia Agrees to Acquire Hugging Face for $12.9 Billion

Nvidia has agreed to acquire Hugging Face for $12.9 billion, The Information reported August 26, 2026, citing a source familiar with the matter. Business Insider reported the same night that no agreement had been signed and the deal could still fall apart. Hugging Face, founded in 2016, operates the AI ecosystem's most widely used open-source model repository.