{
  "id": 3645433,
  "title": "Nvidia agrees to buy Hugging Face for US$12.9bil",
  "url": "https://urgent.news/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-us-12-9bil",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-27T02:03:14.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-us-12-9bil"
  },
  "original_language": "en",
  "account": "Nvidia has announced plans to acquire AI platform Hugging Face for a staggering US$12.9 billion, according to The Information. The chipmaker's acquisition of the New York-based company, renowned for hosting open-source large language models and datasets, was reported on Wednesday. Nvidia was among the investors that supported Hugging Face in a US$235 million funding round in 2023, which valued the company at US$4.5 billion. This move comes after Hugging Face previously turned down a US$500 million investment offer from Nvidia in 2022, which would have valued the platform at US$7 billion. Outside business hours, Nvidia confirmed a projected 70% increase in revenue for the upcoming fiscal year, highlighting the sustained demand for AI computing. The tech giant has also committed US$18 billion towards equity investments for the remainder of the 2027 fiscal year.",
  "summary": "Nvidia, Salesforce and Google's parent Alphabet backed Hugging Face in a US$235 million funding round in 2023 that valued the company at US$4.5 billion.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Hacker News",
        "title": "The Hugging Face incident and the road ahead",
        "url": "https://urgent.news/2026/08/26/the-hugging-face-incident-and-the-road-ahead-3602568",
        "published": "2026-08-26T19:15:23.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Over 700 AI agents exchanged thousands of messages in Hugging Face hack, tried to cover tracks",
        "url": "https://urgent.news/2026/08/27/over-700-ai-agents-exchanged-thousands-of-messages-in-hugging-face",
        "published": "2026-08-27T00:02:10.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Nvidia discussed buying AI startup Hugging Face: report",
        "url": "https://urgent.news/2026/08/27/nvidia-discussed-buying-ai-startup-hugging-face-report",
        "published": "2026-08-27T01:52:03.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Nvidia agrees to buy Hugging Face for US$12.9bil",
        "url": "https://urgent.news/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-us-12-9bil-3649601",
        "published": "2026-08-27T02:03:14.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "Nvidia agrees to buy Hugging Face for $12.9 billion",
        "url": "https://urgent.news/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-12-9-billion",
        "published": "2026-08-27T02:24:57.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Nvidia agrees to buy Hugging Face for US$12.9bil",
        "url": "https://urgent.news/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-us-12-9bil-3656141",
        "published": "2026-08-27T03:30:27.000Z"
      }
    ]
  },
  "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."
}