{
  "id": 3637284,
  "title": "Nvidia agrees to buy Hugging Face for $12.9 billion, The Information reports",
  "url": "https://urgent.news/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-12-9-billion-the-information-3637284",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-27T00:45:21.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/nvidia-agrees-buy-hugging-face-129-billion-information-reports-6343911"
  },
  "original_language": "en",
  "account": "On Wednesday, August 26, The Information disclosed that Nvidia had reached an agreement to acquire AI platform Hugging Face for a sum of $12.9 billion, according to an individual familiar with the transaction. The semiconductor company and New York-based Hugging Face, which provides access to open-source large language models and datasets, declined to comment to Reuters outside regular business hours. Nvidia was among the investors, alongside Salesforce and Alphabet's Google, who participated in Hugging Face's $235 million funding round in 2023, which placed the company's valuation at $4.5 billion. In January, The Financial Times reported that Hugging Face had previously turned down a $500 million investment offer from Nvidia, which would have valued the company at $7 billion. On Wednesday, Nvidia projected a 70% increase in revenue for the upcoming fiscal year, highlighting persistent demand for AI computing. The company also announced that it has committed $18 billion to equity investments for the remainder of the 2027 fiscal year.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Nvidia agrees to buy Hugging Face for $12.9 billion, the Information reports",
        "url": "https://urgent.news/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-12-9-billion-the-information",
        "published": "2026-08-27T00:45:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}