Nvidia closes in on buying Hugging Face for $12.9 billion
The Information reported on August 26, 2026 that Nvidia agreed to acquire Hugging Face for $12.9 billion, while Business Insider and Bloomberg described talks valuing the company above $13 billion with no signed agreement. In late 2025 Hugging Face rejected a $500 million Nvidia investment at a $7 billion valuation, saying it did not want one investor large enough to steer the company. Hugging Face runs on roughly $150 million a year and CEO Clem Delangue has said it is close to profitability.