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

The Next Web

TechnologyThe Next Web·Aug 29, 2026·1 min read

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

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…

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