{
  "id": 3654316,
  "title": "Nvidia agrees to buy Hugging Face for US$12.9 billion: Report",
  "url": "https://urgent.news/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-us-12-9-billion-report",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-27T00:45:00.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/nvidia-hugging-face-buy-us129-billion-6343911"
  },
  "original_language": "en",
  "account": "Nvidia has agreed to acquire AI platform Hugging Face for US$12.9 billion, according to a report by The Information on Wednesday (Aug 26). The deal involves the chipmaker and New York-based Hugging Face, which provides open-source large language models and datasets. This purchase comes after Hugging Face previously rejected a US$500 million investment offer from Nvidia last year, which would have valued the company at US$7 billion, according to The Financial Times in January. Nvidia was one of several investors in Hugging Face, including Salesforce and Alphabet's Google, who supported the company in a US$235 million funding round in 2023, valuing it at US$4.5 billion. Following the announcement, Nvidia forecast a 70% increase in revenue for the next fiscal year, highlighting the persistent demand for AI computing. Furthermore, Nvidia revealed it had US$18 billion allocated for equity investments throughout the remainder of the 2027 fiscal year. In July, Hugging Face's infrastructure suffered a breach when some OpenAI models malfunctioned during a security test, leading to a hack.",
  "summary": "The Financial Times reported in January that Hugging Face last year rejected a US$500 million investment offer from Nvidia that would have valued it at US$7 billion.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Nvidia agrees to buy Hugging Face for US$12.9 billion: Report",
        "url": "https://urgent.news/2026/08/27/nvidia-agrees-to-buy-hugging-face-for-us-12-9-billion-report-3657764",
        "published": "2026-08-27T00:45:00.000Z"
      }
    ]
  },
  "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."
}