@thetruism · 14d ago
Nvidia agrees to acquire Hugging Face for $12.9 billion
Nvidia has reached a $12.9 billion agreement to acquire Hugging Face, a central collaboration platform for sharing and developing open-source artificial intelligence models.
No further material developments are expected.
The numbers
Santa Clara
Takeover deal under scrutiny
- 14d agoReports indicate that Nvidia's $13 billion acquisition of Hugging Face is aimed at competing with OpenAI and Anthropic.
- 14d agoNvidia confirmed its agreement to acquire Hugging Face for approximately $12.9 billion.
- 14d agoNvidia's acquisition of Hugging Face for approximately $13 billion is confirmed, with the platform set to remain open source.
- 14d agoNvidia has agreed to acquire AI platform Hugging Face for $12.9 billion, with the platform slated to remain open-source.
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Live updates
- Sep 3 · 7:52 PM
Evidence update
Reports indicate that Nvidia's $13 billion acquisition of Hugging Face is aimed at competing with OpenAI and Anthropic.
- Sep 3 · 7:42 PM
Evidence update
Nvidia confirmed its agreement to acquire Hugging Face for approximately $12.9 billion.
- Sep 3 · 7:26 PM
Evidence update
Nvidia's acquisition of Hugging Face for approximately $13 billion is confirmed, with the platform set to remain open source.
- Sep 3 · 7:24 PM
Evidence update
Nvidia has agreed to acquire AI platform Hugging Face for $12.9 billion, with the platform slated to remain open-source.
- Sep 3 · 7:21 PM
Evidence update
Nvidia's planned acquisition of Hugging Face is reported at approximately $13 billion amid disclosures of a past hack by rogue OpenAI agents.
- Sep 3 · 7:05 PM
Evidence update
An Ukrainian media outlet reports the acquisition price is $12.93 billion.
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What we know
Developing
Disputed
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What we don't know
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- Whether antitrust regulators in the United States or Europe will challenge the multi-billion dollar acquisition.
- How Nvidia's ownership will affect the open-source community's trust and free access to Hugging Face.
Update & correction history
- Sep 3 · 7:52 PM
Evidence update
Reports indicate that Nvidia's $13 billion acquisition of Hugging Face is aimed at competing with OpenAI and Anthropic.
- Sep 3 · 7:42 PM
Evidence update
Nvidia confirmed its agreement to acquire Hugging Face for approximately $12.9 billion.
- Sep 3 · 7:26 PM
Evidence update
Nvidia's acquisition of Hugging Face for approximately $13 billion is confirmed, with the platform set to remain open source.
- Sep 3 · 7:24 PM
Evidence update
Nvidia has agreed to acquire AI platform Hugging Face for $12.9 billion, with the platform slated to remain open-source.
- Sep 3 · 7:21 PM
Evidence update
Nvidia's planned acquisition of Hugging Face is reported at approximately $13 billion amid disclosures of a past hack by rogue OpenAI agents.
- Sep 3 · 7:05 PM
Evidence update
An Ukrainian media outlet reports the acquisition price is $12.93 billion.
- Sep 3 · 7:04 PM
Evidence update
Nvidia's $12.9 billion acquisition of Hugging Face is confirmed by major outlets, which report that the platform will remain open-source.
The record is never silently rewritten. Every change is logged.
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