---
format: "aidr-story-markdown/v1"
id: "84a7e9844ad1ac774eb206ff83f277e51f1d8938e8925c369091398334a92d91"
canonical_url: "https://aidr.today/84a7e984?lang=en"
title: "Nvidia Buys Hugging Face for $12.9B, Nearly Tripling 2023 Valuation"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
translation_fallback: null
fallback_fields: []
published_at: "2026-08-27T02:56:02.000Z"
category: null
topics: ["nvidia","huggingface","open-source","chips"]
source_urls: ["https://huggingnews.com/ai/update-nvidia-buys-hugging-face-for-129b-nearly-tripling-2023-valuation-b71e873a","https://x.com/amir/status/2092786156085899518","https://x.com/FirstSquawk/status/2092786204391756180","https://x.com/Katie_Roof/status/2092773248715145603","https://x.com/wallstengine/status/2092774691329224888","https://x.com/StockSavvyShay/status/2092777676008493490","https://x.com/Reuters/status/2092908767427879393","https://x.com/CNBC/status/2092899979991884007"]
summary: "The chipmaker will gain control of a hub hosting millions of models and datasets to strengthen the distribution layer above its AI hardware. The agreement to acquire the open source repository for $12.9 billion gives the company a larger foothold in the AI ecosystem by owning more of the software and distribution layer sitting on top of its infrastructure. Nvidia previously invested in a 2023 funding round that valued the platform at $4.5 billion. Microsoft also held discussions with the startup before the current deal was reached."
---

# Nvidia Buys Hugging Face for $12\.9B, Nearly Tripling 2023 Valuation

> [Open the canonical story](<https://aidr.today/84a7e984?lang=en>)

**Published:** 2026-08-27T02:56:02.000Z
**Topics:** nvidia, huggingface, open\-source, chips

## Summary

The chipmaker will gain control of a hub hosting millions of models and datasets to strengthen the distribution layer above its AI hardware\. The agreement to acquire the open source repository for $12\.9 billion gives the company a larger foothold in the AI ecosystem by owning more of the software and distribution layer sitting on top of its infrastructure\. Nvidia previously invested in a 2023 funding round that valued the platform at $4\.5 billion\. Microsoft also held discussions with the startup before the current deal was reached\.

## Sources

- [Story source](<https://huggingnews.com/ai/update-nvidia-buys-hugging-face-for-129b-nearly-tripling-2023-valuation-b71e873a>)
- [Story source](<https://x.com/amir/status/2092786156085899518>)
- [Supporting source](<https://x.com/FirstSquawk/status/2092786204391756180>)
- [Supporting source](<https://x.com/Katie_Roof/status/2092773248715145603>)
- [Supporting source](<https://x.com/wallstengine/status/2092774691329224888>)
- [Supporting source](<https://x.com/StockSavvyShay/status/2092777676008493490>)
- [Story source](<https://x.com/Reuters/status/2092908767427879393>)
- [Supporting source](<https://x.com/CNBC/status/2092899979991884007>)