# Nvidia’s $12.9 Billion Bet on Hugging Face Arrives as the Closed Labs Drift Away

Before any other detail about this deal lands, start with the multiple: Nvidia is handing over roughly 80 times annual revenue for a business that brings in around $150 million a year. The acquisition target is the open-source AI platform Hugging Face, and the price is $12.9 billion. For a decade Hu

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| Published | 28 August 2026 |

Source: https://egamers.io/nvidias-12-9-billion-bet-on-hugging-face-arrives-as-the-closed-labs-drift-away/