Market Chatter: Nvidia May Buy AI Platform Hugging Face for $12.9 Billion

04:51 AM EDT, 08/27/2026 (MT Newswires) -- Nvidia (NVDA) has agreed to buy Hugging Face, the open-source AI platform, for $12.9 billion, The Information reported late Wednesday. Nvidia management believes that a host of open AI models will help preserve its AI-hardware dominance, as such models will counter closed-source AI developers who are developing AI server chips to compete with Nvidia's, said The Information. Other AI-server chip-makers such as Alphabet's Google (GOOG,GOOGL), Microsoft (MSFT), Amazon.com (AMZN) have previously invested in the AI-model repository Hugging Face, as did Nvidia. Nvidia did not immediately respond to an MT Newswires request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)