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The Next Web |Internet |Aug 29, 2026

Nvidia to Acquire Hugging Face for $12.9 Billion in Open-Source AI Bet

The acquisition of Hugging Face by Nvidia for $12.9 billion was reported by The Information, valuing the ten-year-old startup at roughly 86 times its annualized revenue of $150 million. The deal was announced on the same day Nvidia reported $96.