The Information reports Nvidia agreed to buy Hugging Face for $12.9 billion

Sources: CNBC, Business Insider, HN 49458161
Summary: CNBC reported on 2026-08-27 that The Information, citing one person with knowledge of the deal, says Nvidia agreed to buy Hugging Face for $12.9 billion, and that talks began after another suitor approached. CNBC states that it could not independently verify the report and that neither company responded to a request for comment. Business Insider reported the talks earlier at a valuation above $13 billion.
Why it matters: Hugging Face distributes models and datasets for AMD and Intel hardware alongside Nvidia, so the open-model ecosystem's neutral distribution point would sit inside one vendor.
Follow-up: Confirmation from Nvidia or Hugging Face, and any regulatory filing behind the reported figure.