Nvidia has reportedly agreed to buy open source AI platform Hugging Face for $12.9 billion, a move that would extend the chipmaker further into the AI ecosystem, according to CNBC and Ars Technica.
Key facts
- Nvidia has reportedly agreed to acquire Hugging Face.
- The deal is reported at $12.9 billion by CNBC, and described as roughly $13 billion by Ars Technica.
- Hugging Face is an open source AI platform and model repository.
- CNBC frames the deal as Nvidia expanding deeper into the AI ecosystem.
- Ars Technica says Nvidia is nabbing critical infrastructure for open models.
Nvidia has reportedly agreed to acquire the open source AI platform Hugging Face for $12.9 billion, according to CNBC. The report frames the move as the chipmaker expanding deeper into the AI ecosystem.
Ars Technica also reported on the deal, describing the acquisition value as roughly $13 billion. According to Ars Technica, Nvidia is picking up critical infrastructure for open models as interest in the space grows.
Hugging Face is widely known as an open source AI platform and model repository. According to Ars Technica, it represents important infrastructure for open AI models, which the outlet says is drawing increasing interest.
The reported price tag differs slightly between the two outlets, with CNBC citing $12.9 billion and Ars Technica describing the figure as about $13 billion. Both reports characterize the transaction as an agreement to acquire the company.
CNBC’s coverage was published on the morning of August 27, 2026, with Ars Technica’s report following later the same day. Both outlets described the acquisition as a reported agreement rather than a completed transaction.
Beyond the reported price and the strategic framing offered by the two outlets, further details of the deal were not provided in the available sources.
Why it matters
Hugging Face is a central hub for open source AI models, so a purchase by Nvidia would place a key piece of the open model ecosystem under the world's leading AI chipmaker. Such a combination could shape how developers access and build on open models going forward.
Frequently asked questions
How much is Nvidia reportedly paying for Hugging Face?
CNBC reports the deal at $12.9 billion, while Ars Technica describes the figure as roughly $13 billion.
What does Hugging Face do?
Hugging Face is an open source AI platform and model repository, described by Ars Technica as critical infrastructure for open models.
Is the deal finalized?
According to the sources, Nvidia has reportedly agreed to the acquisition. The reports describe it as a reported agreement rather than a confirmed, completed transaction.