Nvidia Agrees to Buy Hugging Face for $12.9 Billion
Nvidia has agreed to buy Hugging Face for $12.9 billion after the AI startup was exploring a sale that could value it at about $13 billion, TechCrunch reports, citing The Information.
Business Insider said the talks had not produced a signed agreement and could still fall apart.
Hugging Face, founded in 2016, runs a hub where developers share and download open source AI models. The company raised $235 million in 2023 at a $4.5 billion valuation, with investors including Salesforce Ventures, GV, IBM Ventures, and Nvidia.
Hugging Face also helps developers run AI models using rented computing power. The company was recently generating about $150 million in annual revenue, up from about $100 million two months earlier.
We hope you enjoyed this article.
Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from: Funding
Subscribe to AI Funding Brief
Whitepaper
Stanford HAI’s 2025 AI Index Reveals Record Growth in AI Capabilities, Investment, and Regulation
The 2025 AI Index by Stanford HAI provides a comprehensive overview of the global state of artificial intelligence, highlighting significant advancements in AI capabilities, investment, and regulation. The report details improvements in AI performance, increased adoption in various sectors, and the growing global optimism towards AI, despite ongoing challenges in reasoning and trust. It serves as a critical resource for policymakers, researchers, and industry leaders to understand AI's rapid evolution and its implications.
Read more