# Nvidia Targets Acquisition of Hugging Face for $12.9 Billion

> Nvidia is reportedly moving to acquire Hugging Face, the widely used open-source AI hub, in a deal valued around $12.9 billion. According to reporting from The Information circulated on August 26 and 27, the acquisition would give Nvidia control over one of the most important distribution points in the AI ecosystem. Hugging Face is where much of the open model world lives, hosting roughly 2.5 million models and 950,000 datasets for some 13 million registered users. A jump from its reported $4.5 billion valuation in 2023 shows how strategically valuable that neutral ground has become. The concern writes itself, because a hardware giant owning the platform where developers find and share models raises real questions about neutrality and access. If the deal closes, it would be one of the most significant consolidations yet of the layers that hold modern AI together.

_Section: [Daily AI Updates](https://www.wortins.com/daily-ai) · Source: Quartz · Published Friday, August 28, 2026_

## Wortins' read

Nvidia is reportedly moving to acquire Hugging Face, the widely used open-source AI hub, in a deal valued around $12.9 billion. According to reporting from The Information circulated on August 26 and 27, the acquisition would give Nvidia control over one of the most important distribution points in the AI ecosystem. Hugging Face is where much of the open model world lives, hosting roughly 2.5 million models and 950,000 datasets for some 13 million registered users. A jump from its reported $4.5 billion valuation in 2023 shows how strategically valuable that neutral ground has become. The concern writes itself, because a hardware giant owning the platform where developers find and share models raises real questions about neutrality and access. If the deal closes, it would be one of the most significant consolidations yet of the layers that hold modern AI together.

## Source

[Read the full story at Quartz](https://qz.com/nvidia-hugging-face-acquisition-12-billion-082726)

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