EventBusinessAugust 27, 2026

Nvidia's reported $12.9B Hugging Face acquisition would reshape open-source AI

Nvidia has reportedly agreed to acquire Hugging Face for $12.9 billion, a deal that would concentrate the open-source AI pipeline—from silicon to distribution—inside one company. The acquisition follows Nvidia's public backing of open models, including Jensen Huang's first tweet in support of open source.

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