Hugging Face built a $4.5 billion empire on free AI models. Now Nvidia is buying it for $12.9 billion

The Next Web
By Anna TutovaAug 29, 2026, 2:58 pm197 ptsTrendingTop
Thomas Wolf has spent a decade convincing the world that open-source AI is not a charity project. On August 27, 2026, the market settled the argument. Nvidia agreed to buy Hugging Face, the company famous for hosting the open-source AI ecosystem with more than 3 million open-source LLMs, for $12.9 billion,…

Read Article Share
Share Article
- email
- x.com
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on Tech News Tube

Security researchers find surveillance implants in Chinese-made routers sold worldwide — three different backdoor-like implants hidden in firmware

Tom's Hardware

Security researchers find surveillance implants in Chinese-made routers sold worldwide — three different backdoor-like implants hidden in firmware 129

Porsche Cayenne Turbo EV first drive: Most Powerful Porsche ever … is an SUV

Electrek

Porsche Cayenne Turbo EV first drive: Most Powerful Porsche ever … is an SUV 128

This graphite-free battery could break China’s grip on the EV supply chain

The Next Web

This graphite-free battery could break China’s grip on the EV supply chain 128

Musicians-turned-detectives are hunting for AI grifters

The Verge

Musicians-turned-detectives are hunting for AI grifters 127

Xylitol Linked To Strokes and Heart Attacks, Study Finds

Slashdot

Xylitol Linked To Strokes and Heart Attacks, Study Finds 124

New US export controls reportedly target Chinese access to remote AI servers — Trump admin's cut-down AI diffusion rule could be shared with industry as soon as September

Tom's Hardware

New US export controls reportedly target Chinese access to remote AI servers — Trump admin's cut-down AI diffusion rule could be shared with industry as soon as September 121

California lawmakers unanimously pass Linux exemption from age-verification law — software distributed under the GPL, MIT, BSD, and Apache licenses are exempt

Tom's Hardware

California lawmakers unanimously pass Linux exemption from age-verification law — software distributed under the GPL, MIT, BSD, and Apache licenses are exempt 120

Save up to $600 on iBuyPower gaming PCs in its Labor Day sale — beat the component crisis with big bundles and coupons

Tom's Hardware

Save up to $600 on iBuyPower gaming PCs in its Labor Day sale — beat the component crisis with big bundles and coupons 120

About Tech News Tube

Tech News Tube is a real time news feed of the latest technology news headlines.

Follow all of the top tech sites in one place, on the web or your mobile device.

Featured

Millions of Cars Recalled Over Danger of…

Millions of Cars Recalled Over Danger of Bursting Into Flames. But They're Not…

The first Labor Day laptop deals have…

The first Labor Day laptop deals have arrived — here are my 10 top picks for…

Hugging Face built a $4.5 billion empire…

Hugging Face built a $4.5 billion empire on free AI models. Now Nvidia is buying…

Sony and Warner sue Anthropic for…

Sony and Warner sue Anthropic for 'blatant violation' of copyright law

Sony Music and Warner Chappell are suing…

Sony Music and Warner Chappell are suing Anthropic

‘They find themselves obsessed,…

‘They find themselves obsessed, forgoing sleep and self-care’ — what ‘AI…

Nvidia looks to set up an…

Nvidia looks to set up an employee-funded political action committee to try and…

Noble’s Vanguard audiophile wired…

Noble’s Vanguard audiophile wired earbuds deliver a tightly arranged wall of…

'Grand Theft Auto 6' Preview Signals…

'Grand Theft Auto 6' Preview Signals Blockbuster Demand, Analysts Say

As Backlash Grows, More Americans Now…

As Backlash Grows, More Americans Now Oppose Automated Police License Plate…