StartupFox
Nvidia has agreed to acquire Hugging Face, the open-source AI platform known as the 'GitHub of AI', for $12.9 billion, according to a report by The Information citing a person with knowledge of the agreement. The report was published on 26 August 2026.
The deal has not been officially confirmed. Neither Nvidia nor Hugging Face responded to requests for comment, according to Reuters, and the terms are so far single-sourced to The Information, with corroboration from CNBC, which cited a person who said an acquisition had been part of recent talks, and Business Insider, which earlier reported Nvidia was in discussions. It should be read as reported rather than closed.
If completed, it would rank among the largest acquisitions in Nvidia's history. New York-based Hugging Face hosts a widely used repository of open-source large language models, datasets and machine learning tools, and has become a default platform for AI developers. The reported price stands far above the company's finances: The Information put Hugging Face's annualised revenue at about $150 million, which would value the deal at roughly 86 times revenue.
- $12.9 billionReported acquisition price
- ~$150 millionHugging Face annualised revenue (reported)
- ~86xImplied revenue multiple
StartupFox
3 reports filed for Thursday 27 August 2026, compiled from company statements, registry filings and StartupFox reporting. Figures marked reported were not confirmed by the companies named.
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