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Nvidia has officially completed its purchase of Hugging Face for $12.93 billion, ending weeks of speculation. Hugging Face's platform, which hosts three million models, one million apps, and half a million datasets for over 18 million developers, will remain open, according to CEO Jensen Huang, who pledged that Nvidia hardware won't be a requirement for using the service.
NVIDIA CEO Jensen Huang confirmed the company is acquiring Hugging Face, the open-source AI model-sharing platform, in a deal worth $12.93 billion. Huang said NVIDIA plans to scale the platform's infrastructure and broaden AI access, while pledging Hugging Face will remain open to the entire ecosystem without requiring NVIDIA hardware. The deal, still subject to regulatory approval, follows NVIDIA's earlier investment in Hugging Face during a 2023 funding round.
Nvidia announced a deal to purchase Hugging Face, the widely used open-source hub for AI models, datasets and developer tools, for roughly $12.93 billion. CEO Jensen Huang said the platform will stay open to all developers regardless of hardware or cloud provider, and that Nvidia compute won't be a requirement to use it. The acquisition follows weeks of reports that Hugging Face was exploring a sale near this valuation.
TIME's newly published 2026 TIME100 AI list left out Nvidia CEO Jensen Huang and AMD CEO Lisa Su, despite both companies dominating GPU supply for AI infrastructure. Instead, the list includes figures like Ben Affleck, Bernie Sanders and Paris Hilton, while Nvidia's only representative is its sustainability chief Josh Parker, featured for work on data center energy use and cooling.
President Trump called Nvidia CEO Jensen Huang's cellphone in the middle of a company-wide staff meeting on Thursday, with Trump's voice audible through Huang's onstage microphone before Huang briefly stepped away and returned within a minute. The call came the same day Nvidia launched an employee-funded political action committee and a day after the company posted quarterly revenue of $96 billion, up 106 percent year over year.
Nvidia CFO Colette Kress said on August 26, 2026 that the company expects 70% revenue growth in fiscal 2028, which would translate to roughly $673 billion in annual sales based on current fiscal 2027 consensus estimates. That figure would put Nvidia ahead of Apple and Alphabet, trailing only Amazon among major US tech firms. The outlook follows a fiscal 2027 second-quarter report showing $96.2 billion in revenue and 117% growth in data-center sales to $89 billion.
During Nvidia's Wednesday earnings call, CEO Jensen Huang claimed that for many practical tasks the company has already reached artificial general intelligence, but immediately called such milestones 'senseless.' He offered no clear definition or benchmark, instead pointing to AI's shift toward autonomous agents that can learn and improve themselves, and argued the real measure of progress is whether AI generates profitable output through increased compute use. This echoes remarks he made in March on a podcast, where he similarly asserted AGI had been reached before backing off the claim.
Nvidia CEO Jensen Huang defended the company's expanding financial backing of AI startups and data center projects, arguing critics misunderstand the unprecedented capital needs of building and deploying AI. He spoke on CNBC after Nvidia posted stronger-than-expected quarterly earnings, noting the firm has invested in model makers like OpenAI and Anthropic and backed massive compute projects, including a $105 billion Ohio campus and a $500 billion Wall Street financing partnership.
Nvidia reported second-quarter revenue of $96bn, over twice what it earned a year earlier, driven largely by its data centre business which brought in $89bn, up 117% year-on-year. The company forecasts $108bn in revenue next quarter, and shares rose about 4% in after-hours trading following results that beat Wall Street estimates.