Nvidia Acquires Hugging Face for 2.9 Billion2026-08-29
Nvidia has agreed to acquire the open-source AI platform Hugging Face for
2.9 billion. The acquisition aligns with Nvidia's strategy to invest in open AI models amidst a trend of closed AI developers reducing reliance on Nvidia hardware.Source: The Decoder
Reported by VERA Newswire.
2026-08-29
Nvidia has agreed to acquire the open-source AI platform Hugging Face for
2.9 billion. The acquisition aligns with Nvidia's strategy to invest in open AI models amidst a trend of closed AI developers reducing reliance on Nvidia hardware.
Source: The Decoder
Reported by VERA Newswire.