On August 27, according to market sources, NVIDIA has been in discussions to acquire the popular open-source model sharing and AI development platform Hugging Face, which could become one of the largest deals for the chip giant. According to insiders, substantial acquisition negotiations have taken place between the two parties in recent weeks, with the deal valuing Hugging Face at over $13 billion. The source indicated that the two companies have not yet reached an agreement, and there is still a possibility of the negotiations breaking down. Both NVIDIA and Hugging Face have not responded to requests for comment. (BusinessInsider)
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
NVIDIA in Talks to Acquire Hugging Face for Over $13 Billion
-
Wechat scan to share
Recommended for you
-
Nvidia Surges Over 4% in After-Hours Trading, Earnings Guidance Exceeds Market Expectations
On August 27, Nvidia (NVDA.US) rose over 4% in current after-hours trading, reaching $218.84. In news, Nvidia's earnings report released after the market closed on Wednesday showed that its Q2 2026 performance more than doubled compared to the same period last year, surpassing market estimates. During a conference call, company executives stated that Amazon will deploy an additional 2 million Nvidia graphics processing units (GPUs). Due to accelerating demand, Nvidia's operating income for the fiscal year 2028 is expected to grow by about 70%, significantly exceeding analysts' estimated increase of 45%, crushing market expectations. Nvidia's Chief Financial Officer Colette Kress noted that even in the face of supply shortages, Nvidia's operating income for fiscal year 2028 is anticipated to experience rapid growth, with customer expectations indicating that growth will double. She mentioned that Nvidia has invested $50 billion in cutting-edge AI labs, and Wall Street investment firms will collaborate to support the construction of these labs. In the medium to long term, the revenue-sharing model could generate billions of dollars for the company, with demand from AI labs expected to contribute about one-quarter of Nvidia's business next year. Nvidia believes that supply bottlenecks will persist at least until fiscal year 2028, with current memory chips in an extreme pricing environment, combined with rising component costs, which will weigh on Nvidia's profit margins. The company estimates that its adjusted gross margin for Q3 will be 74%, down about 1 percentage point from 75% in Q2. Nvidia stated that it will increase product prices in the first quarter. Kress also mentioned that Nvidia has fully ramped up production of the next-generation Vera Rubin central processing unit, with a revenue opportunity of $40 billion per gigawatt (GW), and expects Vera Rubin to account for about 20% of data center operating income in Q3. CEO Jensen Huang stated that the supply chain capacity is sufficient to support Nvidia's confidence in achieving 70% growth in fiscal year 2028, adding that AI has reached a turning point, is doing useful work, and tokens are becoming productive and profitable. 'Now, computing power equals revenue,' he said. -
Nvidia Surges Over 4% in After-Hours Trading, Earnings Guidance Exceeds Market Expectations
On August 27, Nvidia (NVDA.US) surged over 4% in current after-hours trading, reaching $218.84. In terms of news, Nvidia's earnings report released after the market close on Wednesday showed that its Q2 2026 performance more than doubled compared to the same period last year and exceeded market estimates. Company executives stated during a conference call that Amazon will deploy an additional 2 million Nvidia graphics processing units (GPUs). Due to accelerating demand, Nvidia's operating revenue for the fiscal year 2028 is expected to grow by approximately 70%, far surpassing analysts' estimated increase of 45%, crushing market expectations. Nvidia's Chief Financial Officer Colette Kress noted that even facing supply shortages, Nvidia's operating revenue for fiscal year 2028 is expected to experience rapid growth, with customer expectations indicating a doubling of growth. She mentioned that Nvidia has invested $50 billion in cutting-edge AI laboratories, and Wall Street investment institutions will collaborate to support the construction of these laboratories. In the medium to long term, the revenue-sharing model could generate billions of dollars in income for the company, with demand from AI laboratories expected to contribute about a quarter of revenue next year. Nvidia believes that supply bottlenecks will persist at least until fiscal year 2028, with current memory chips in an extreme pricing environment, compounded by rising component costs, which will weigh on Nvidia's profit margins. The company estimates that the adjusted gross margin for the third quarter will be 74%, down about 1 percentage point from 75% in the second quarter. Nvidia stated that it will increase product prices in the first quarter. Kress also mentioned that Nvidia has fully ramped up production of the next-generation Vera Rubin central processing unit, with a revenue opportunity of $40 billion per gigawatt (GW), and expects Vera Rubin to account for about 20% of data center operating revenue in the third quarter. CEO Jensen Huang stated that the supply chain capacity is sufficient to support Nvidia's confidence in achieving 70% growth for fiscal year 2028, adding that AI has reached a turning point, is performing useful work, and tokens are becoming productive and profitable. 'Now, computing power equals revenue,' he said. -
Nvidia in Talks to Acquire Hugging Face for Over $13 Billion
On August 27, market sources reported that Nvidia has been in discussions to acquire the popular open-source model sharing and AI development platform Hugging Face, which could become one of the chip giant's largest deals. According to insiders, substantial acquisition negotiations have taken place between the two parties in recent weeks, with the deal valuing Hugging Face at over $13 billion. The source indicated that no agreement has been reached yet, and there remains a possibility of negotiations breaking down. Both Nvidia and Hugging Face have not responded to requests for comment. (BusinessInsider) -
Nikkei 225 Index Falls 0.09%, Erasing Early Gains
On August 27, the Nikkei 225 index in Japan fell by 0.09%, erasing early gains. -
Nikkei 225 Index in Japan Falls 0.09%, Erasing Early Gains
On August 27, the Nikkei 225 Index in Japan fell by 0.09%, erasing early gains. -
South Korea's Central Bank Announces 25 Basis Point Rate Hike
On August 27, South Korea's central bank announced a 25 basis point increase in its benchmark interest rate, raising it from 2.75% to 3.0%. This marks the second consecutive meeting where a rate hike has occurred, aligning with market expectations. (Jin Shi) -
South Korea's Central Bank Announces 25 Basis Point Rate Hike
On August 27, South Korea's central bank announced a 25 basis point increase in the benchmark interest rate, raising it from 2.75% to 3.0%. This marks the second consecutive meeting in which rates have been increased, aligning with market expectations. (Jin Ten) -
NVIDIA: Expects Revenue to More Than Double in FY2028, Officially Enters Global High-End CPU Market
On August 27, NVIDIA reported a revenue of $96.2 billion for Q2 of FY2027, doubling year-on-year and marking four consecutive quarters of accelerated growth. The company has officially provided guidance for a 70% year-on-year revenue growth in FY2028, while disclosing that the current unconstrained real market demand could reach a 100% growth rate. The only limiting factor for annual growth is insufficient supply chain capacity, not weak downstream demand. In terms of product structure, the newly mass-produced Vera Rubin platform is set to become the core growth engine for next year, contributing 20% of data center revenue in Q3 alone. The server CPU business is experiencing a breakthrough, with revenue expected to more than double in FY2028, as the company officially enters the global high-end CPU market, opening up new growth opportunities. -
Nvidia: Expects Revenue to More Than Double in FY2028, Officially Enters Global High-End CPU Market
On August 27, Nvidia reported a Q2 revenue of $96.2 billion for FY2027, doubling year-on-year and accelerating growth for four consecutive quarters. The company has officially provided guidance for a 70% year-on-year revenue increase in FY2028, while disclosing that the current unconstrained real market demand could reach a 100% growth rate. The only limiting factor for annual growth is insufficient supply chain capacity, rather than weak downstream demand. In terms of product structure, the newly mass-produced Vera Rubin platform is set to become the core growth engine for next year, contributing 20% of data center revenue in Q3 alone. The server CPU business is experiencing a breakout point, with expectations for revenue to more than double in FY2028, officially entering the global high-end CPU market and opening up new growth opportunities. -
KOSPI Index in South Korea Rises 2.5% at Opening, SK Hynix Up 5%
The KOSPI index in South Korea rose 2.5% at the opening, with SK Hynix increasing by 5% and Samsung Electronics up by 3%.
Daily Must-Read
-
KeyFlow: Connecting UniKey, AI Agents, and the KEY Value System, Turning Intelligent Services from “Being Called” into “Sustainable Flow”
-
The AI Universe Gateway Is About to Open: KeyFlow Official DApp to Launch Global Public Beta and Genesis Registration on July 29
-
The Invisible Bill: Unpacking the Token Amplification Effect
-
ENI Takes the Stage at WebX Japan and Builds a Bridge from Traditional Capital to the Future Economy
-
GWDC 2026 KOREA: The New Asian Paradigm of Web3 & AI Sets to Debut in Seoul on Sept 29-30, Inviting Global Builders to the Ultimate Developer Summit
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
All Comments