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August 27, 2026

Nvidia strikes $12.9bn deal for Hugging Face, reports say

Acquisition would mark significant uptick on $4.5bn valuation achieved in 2023

Martin Coulter

2 min read

Nvidia has agreed to acquire AI platform Hugging Face for $12.9bn, according to reports, marking one of the biggest acquisitions of the generative AI era and giving the chip giant a stronger foothold in AI software.

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Martin Coulter

Martin Coulter is Sifted's news editor, based in London. You can follow him on LinkedIn and X

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