An article summarized by CNBC:

Nvidia has reportedly agreed to acquire Hugging Face for $12.9 billion, according to The Information, though neither company had publicly confirmed the deal at the time of the report. Hugging Face is one of the most widely used platforms for developers to share, test and collaborate on open-source AI models and tools. The acquisition would significantly expand Nvidia’s presence beyond AI chips and deeper into the software and AI model ecosystem.

The reported deal fits into Nvidia’s broader strategy of becoming a major player across the entire AI technology stack. Nvidia has increasingly invested in software, AI infrastructure and other companies, including a major $20 billion licensing deal involving AI chip startup Groq. Industry analysts say Hugging Face would be a natural fit because Nvidia supports both open-source and closed AI models and could use the platform to strengthen its relationships with the global AI developer community.

The news comes shortly after Hugging Face was involved in a hacking incident that highlighted growing concerns around AI and cybersecurity. CEO Clément Delangue said engineering mistakes contributed to the breach and argued that AI cybersecurity could become a massive global market, with open-source models playing a major role. If the Nvidia acquisition is completed, it would place one of the world’s most important open-source AI platforms under the control of the company already dominating the AI chip industry.

For the article: https://www.cnbc.com/2026/08/27/nvidia-hugging-face-acquisition.html