Nvidia agrees to buy Hugging Face for $12.9 billion, The Information reports - Reuters

Nvidia has agreed to buy Hugging Face, a repository of open-source AI models, for $12.9 billion, according to a report from The Information. The report cites a person with knowledge of the deal. Reuters published the report on August 27, 2026, in an article titled "Nvidia agrees to buy Hugging Face for $12.9 billion, The Information reports."

The Information's report provides the purchase price and describes Hugging Face as a repository of open-source AI models. No additional terms of the agreement are included in the report. The report does not mention statements from Nvidia or Hugging Face, nor does it say whether any regulatory approval is required or pending.

Reuters' article relays The Information's reporting without additional analysis or comment. The acquisition, if it proceeds, would transfer ownership of a major platform for open-source AI models from a community-oriented organisation to a large chip manufacturer. The article does not offer context on the motivations of either party or the potential consequences of the deal.