Nvidia's Dealmaking: From Mellanox and the Failed Arm Bid to Groq and Hugging Face

The Information: Nvidia has agreed to buy Hugging Face for $12.9 billion

Days after Business Insider reported that Hugging Face was fielding takeover interest, The Information said Nvidia had agreed to pay $12.9 billion for the open-model platform, though talks had not produced a signed agreement. Unlike the Groq licence, an outright purchase would require a Hart-Scott-Rodino filing and likely an EU merger review.

• TechCrunch · Aug 26, 2026 · Nvidia has agreed to buy Hugging Face for $12.9 billion, The Information reported Wednesday night, citing a source familiar with the matter.

Nvidia invests in Safe Superintelligence Inc.

Nvidia and Safe Superintelligence Inc. announced a long-term partnership. Nvidia also made an investment in Safe Superintelligence Inc.

• NVIDIA and SSI joint announcement · Jul 27, 2026 · Safe Superintelligence Inc. (SSI) and NVIDIA today announced a long-term partnership to rapidly accelerate SSI’s strategic growth. NVIDIA has additionally made an investment in SSI.
• TechCrunch · Jul 27, 2026 · Bloomberg reported that the deal size was $5 billion.

Editor's note: The page states that SSI and NVIDIA announced a long-term partnership and that NVIDIA made an investment in SSI. It is dated July 27, 2026.

Kumo AI, a predictive-model startup, for a reported $400 million-plus

Fortune reported that Nvidia had quietly acquired Kumo AI, a four-year-old Sequoia-backed company whose foundation models make business predictions such as churn and credit risk from relational data, with its three co-founders moving to Nvidia in May; the price was later reported above $400 million.

• Fortune · Jun 3, 2026 · Nvidia has acquired Kumo AI, a small, four-year-old startup that develops foundation models designed to make accurate business predictions, according to two sources familiar with the deal.

A 'significant investment' in Mira Murati's Thinking Machines Lab and a gigawatt of Vera Rubin

Nvidia announced a multiyear partnership with the Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, to deploy at least one gigawatt of Vera Rubin systems from early 2027, alongside an undisclosed equity investment reported at up to $2.5 billion in a round valuing the lab near $40 billion.

• NVIDIA Blog · Mar 10, 2026 · NVIDIA and Thinking Machines Lab announced today a multiyear strategic partnership to deploy at least one gigawatt of next-generation NVIDIA Vera Rubin systems to support Thinking Machines’ frontier model training and platforms delivering customizable AI at scale.
• CNBC · Mar 10, 2026 · Nvidia has made a "significant investment" in Mira Murati's Thinking Machines Lab, the companies announced.

Illumex, an Israeli semantic-data startup, for about $60 million

Calcalist reported that Nvidia had bought Illumex, whose Generative Semantic Fabric turns enterprise data into ontologies for AI agents, for an estimated $60 million, a small deal aimed at the enterprise agentic-AI stack.

• Calcalist · Feb 23, 2026 · Nvidia has acquired Israeli startup Illumex, Calcalist has learned. Financial terms were not disclosed, though the deal is estimated to be in the region of $60 million.

Anthropic says Series G includes Nvidia investment

Anthropic said its $30 billion Series G round included part of Nvidia's previously announced investment. Anthropic reported a $380 billion post-money valuation for the round.

• Anthropic · Feb 12, 2026 · This round also includes a portion of the previously announced investments from Microsoft and NVIDIA.

Editor's note: The page states that Anthropic raised $30 billion in Series G funding at a $380 billion post-money valuation. It also says the round included a portion of the previously announced investments from Microsoft and NVIDIA, and is dated Feb 12, 2026.

CoreWeave completes $2 billion share sale to Nvidia

CoreWeave completed the sale of 22,935,780 Class A shares to Nvidia for $2 billion in cash. The purchase price was $87.20 per share.

• CoreWeave Form 8-K · Jan 26, 2026 · On January 23, 2026, the Company completed the issuance and sale of 22,935,780 shares of the Company’s Class A common stock, par value $0.000005 per share, pursuant to the Purchase Agreement, at a price of $87.20 per share for an aggregate purchase price of $2 billion in cash.
• NVIDIA Newsroom · Jan 26, 2026 · In addition, NVIDIA has invested $2 billion in CoreWeave Class A common stock at a purchase price of $87.20 per share.

Editor's note: The filing states that CoreWeave completed the issuance and sale of 22,935,780 Class A shares to NVIDIA on January 23, 2026, at $87.20 per share for $2 billion in cash. The quoted language appears in the filing, apart from typographic quotation-mark formatting.

Nvidia is strategic investor in xAI's Series E

Nvidia was a strategic investor in xAI's $20 billion Series E financing. xAI did not disclose Nvidia's individual investment amount.

• xAI · Jan 6, 2026 · Strategic investors in the round include NVIDIA and Cisco Investments, who continue to support xAI in rapidly scaling our compute infrastructure and buildout of the largest GPU clusters in the world.

Editor's note: The page states that xAI raised $20 billion in its Series E and identifies NVIDIA as a strategic investor. It does not disclose NVIDIA's individual investment amount, and the page is dated January 6, 2026.

SchedMD, the company behind the Slurm scheduler used across HPC

Nvidia bought SchedMD, developer of the open-source Slurm workload manager that runs most supercomputers and many AI clusters, for an undisclosed sum, promising to keep Slurm open and vendor-neutral. With Run:ai and Slurm it now owned the two dominant schedulers for GPU clusters, drawing questions about neutrality for mixed-vendor sites.

• NVIDIA Blog · Dec 15, 2025 · NVIDIA today announced it has acquired SchedMD — the leading developer of Slurm, an open-source workload management system for high-performance computing (HPC) and AI — to help strengthen the open-source software ecosystem and drive AI innovation for researchers, developers and enterprises.

Up to $10 billion into Anthropic alongside Microsoft, at a valuation near $350 billion

Nvidia and Microsoft announced investments of up to $10 billion and $5 billion in Anthropic, with Anthropic committing to buy $30 billion of Azure capacity and up to a gigawatt of Grace Blackwell and Vera Rubin systems, and to optimise Claude for Nvidia hardware. It gave Nvidia equity in both of the leading frontier labs.

• CNBC · Nov 18, 2025 · Microsoft will invest up to $5 billion into Anthropic, while Nvidia will invest up to $10 billion into the startup, pushing Anthropic's valuation to the range of $350 billion.

Enfabrica: more than $900 million to hire the CEO and license the chip-networking technology

In a cash-and-stock deal modelled on the acquihires Meta and Google had used, Nvidia paid over $900 million to bring in Enfabrica founder Rochan Sankar and staff and license its technology for connecting tens of thousands of GPUs, without buying the company, which Nvidia had backed in a 2023 funding round.

• CNBC · Sep 18, 2025 · Nvidia spent more than $900 million to hire Enfabrica CEO Rochan Sankar and other employees at the AI startup and to license the company's technology, CNBC has learned. The cash and stock deal is reminiscent of high-profile acquihires orchestrated by Meta and Google.

$5 billion for a stake in Intel, with joint data center and PC chips

Nvidia agreed to buy $5 billion of Intel common stock at $23.28 a share and to co-develop custom x86 CPUs linked to Nvidia GPUs over NVLink for data centers and PCs, a month after the US government took its own 10 percent stake in Intel. The same day CNBC reported the Enfabrica acquihire.

• NVIDIA Newsroom · Sep 18, 2025 · NVIDIA (NASDAQ: NVDA) and Intel Corporation (NASDAQ: INTC) today announced a collaboration to jointly develop multiple generations of custom data center and PC products that accelerate applications and workloads across hyperscale, enterprise and consumer markets.

China says Nvidia violated its antimonopoly law over the Mellanox conditions

Five years after clearing the deal, SAMR announced that a preliminary investigation found Nvidia had breached the anti-monopoly law and the 2020 conditions, and said it would investigate further before deciding penalties. The finding landed during US-China trade talks in Madrid and a week before Beijing told companies to stop buying Nvidia's China chips.

• CNBC · Sep 15, 2025 · China's market regulator on Monday said that Nvidia violated the country's anti-monopoly law in relation to its aquisition of Mellanox in 2020.

result of China opens an antitrust investigation into Nvidia on US Export Controls on Nvidia AI Chips to China: A100 to H20 to H200.

Lepton AI, a GPU cloud marketplace founded by ex-Alibaba researchers, for several hundred million dollars

The Information reported that Nvidia had closed the purchase of Lepton AI, a two-year-old startup led by former Alibaba vice president Yangqing Jia that rented Nvidia GPUs across clouds. Lepton became the basis of DGX Cloud Lepton, Nvidia's compute marketplace launched at Computex in May 2025.

• TechNode · Apr 9, 2025 · NVIDIA has acquired Chinese startup Lepton AI in a deal valued at several hundred million dollars, according to US tech media outlet The Information.

Gretel, a synthetic-data startup, in a nine-figure deal

Wired reported that Nvidia had bought Gretel, a San Diego company with about 80 employees whose platform generates synthetic training data, for more than its last $320 million valuation, folding it into Nvidia's model-training tools.

• TechCrunch · Mar 19, 2025 · Nvidia has reportedly acquired Gretel, a San Diego-based startup that’s developed a platform to generate synthetic AI training data. Terms of the acquisition are unknown. The price tag was said to be nine figures, exceeding Gretel’s most recent valuation of $320 million, according to Wired.

Nvidia seeks annulment of Run:ai referral decision

Nvidia brought an action seeking annulment of the European Commission's October 31, 2024 decision on Italy's referral request. The action concerned the Run:ai transaction.

• Official Journal of the European Union, Case T-15/25 · Feb 24, 2025 · The applicant claims that the Court should: — annul Commission’s decision of 31 October 2024, on the request for referral by Italy to the Commission pursuant to Article 22(1) of the EU Merger Regulation.

Editor's note: The page states that Nvidia brought an action on 10 January 2025 and sought annulment of the Commission’s 31 October 2024 decision concerning Italy’s Article 22 referral in Case M.11766, NVIDIA / Run:ai.

Italy refers Run:ai transaction to European Commission

Italy's competition authority submitted an Article 22 referral request concerning Nvidia's proposed acquisition of Run:ai. The request was sent to the European Commission.

• European Commission, Case M.11766 · Oct 31, 2024 · On 30 September 2024, the Italian NCA submitted their Referral Request to the Commission.

Editor's note: The document states that Italy formally requested the Commission to examine NVIDIA’s proposed acquisition of Run:ai under Article 22. It says the Italian NCA submitted the Referral Request to the Commission on 30 September 2024, which the Commission received the same day.

OctoAI, the Seattle model-serving startup, becomes 'now NVIDIA'

OctoAI, spun out of the University of Washington's Apache TVM project and once valued at $850 million, told customers it was winding down its services by October 31 as it was absorbed into Nvidia in a deal reported at roughly $250 million. Earlier in 2024 Nvidia had also picked up Shoreline.io and Brev.dev.

• GeekWire · Sep 26, 2024 · OctoAI sent emails to customers informing them that it was winding down the commercial availability of its services, effective Oct. 31, according to a post on LinkedIn. It’s the latest AI-related acquisition for Nvidia, the dominant chipmaker that is riding huge tailwinds from the AI boom, thanks to its widely used GPUs, which are in high demand for training and running AI models.

Italy calls in Nvidia's proposed Run:ai acquisition

Italy's competition authority considered Nvidia's proposed Run:ai acquisition to meet applicable conditions of the Italian Competition Act. The authority exercised its call-in power over the transaction.

• European Commission, Case M.11766 · Oct 31, 2024 · On 6 August 2024 the Italian NCA considered that the Transaction prima facie met the applicable conditions of the Italian Competition Act.

Editor's note: The page states that on 6 August 2024 the Italian NCA considered the transaction prima facie met the applicable conditions of the Italian Competition Act. It also states that the authority exercised the Italian call-in on that date.

Nvidia acquires Brev.dev

Nvidia acquired AI-development-platform startup Brev.dev. Nvidia confirmed the acquisition to CRN, and Brev.dev cofounder Nader Khalil announced it separately.

• CRN · Jul 2024 · An Nvidia spokesperson confirmed to CRN on Tuesday that it acquired Brev.dev, a San Francisco-based startup that provides an AI and machine learning development platform for building, training and deploying models on CPU- and GPU-based cloud instances.
• Nader Khalil / Brev.dev · Jul 2024 · Brev.dev has been acquired by NVIDIA!

Editor's note: The page states that Nvidia acquired Brev.dev and that an Nvidia spokesperson confirmed the acquisition to CRN. It also attributes a separate announcement to Brev.dev in a LinkedIn post; the article is from July 2024, supporting the stated month.

Bloomberg reports Nvidia agreement to buy Shoreline.io

Bloomberg reported that Nvidia had agreed to buy Shoreline.io. The report cited people familiar with the matter.

• Bloomberg News · Jun 18, 2024 · Nvidia Corp. has agreed to buy Shoreline.io, a startup for software developers founded by a former Amazon Web Services executive, people familiar with the matter said.

Editor's note: The page states that Nvidia had agreed to buy Shoreline.io and attributes the information to people familiar with the matter. However, the readable page text does not provide an event or publication date that confirms 2024-06-18.

Deci for about $300 million: two Israeli AI startups in one week

A week after Run:ai, Nvidia agreed to acquire Deci, a Tel Aviv company whose neural-architecture-search tools shrink and speed up deep learning models, for an estimated $300 million. The pair took Nvidia's spending on Israeli startups past $1 billion in a week.

• Calcalist · May 2, 2024 · Nvidia has agreed to acquire Israeli artificial intelligence (AI) company Deci. According to estimates obtained by Calcalist, the value of the deal is $300 million.

Excelero becomes part of Nvidia

Excelero became part of Nvidia. Nvidia said Excelero's NVMesh technology would be integrated into its enterprise software stack.

• NVIDIA Blog · Mar 7, 2022 · Excelero, a Tel Aviv-based provider of high-performance software-defined storage, is now a part of NVIDIA.

Editor's note: The page states that Excelero is now part of NVIDIA and that its technology will be integrated into NVIDIA’s enterprise software stack; it identifies NVMesh as Excelero’s software. The readable page text does not provide an event or publication date, so it does not support the stated date.

Bright Computing becomes part of Nvidia

Bright Computing became part of Nvidia. Nvidia said Bright Cluster Manager would join its accelerated-computing software stack.

• NVIDIA Blog · Jan 10, 2022 · Bright Computing, a leader in software for managing high performance computing systems used by more than 700 organizations worldwide, is now part of NVIDIA.

Editor's note: The page states that Bright Computing is now part of NVIDIA and that Bright Cluster Manager becomes part of NVIDIA’s accelerated-computing software stack. The readable page text does not provide an event or publication date to support 2022-01-10.

UK refers Nvidia's Arm acquisition to CMA Phase 2

The UK secretary of state referred Nvidia's proposed acquisition of Arm to the CMA for a Phase 2 investigation. The referral cited competition and national-security concerns.

• UK Competition and Markets Authority · Nov 16, 2021 · 16 November 2021: The Secretary of State for Digital, Culture, Media and Sport (DCMS) has referred NVIDIA’s proposed acquisition of Arm to the CMA for a phase 2 in-depth investigation on the grounds of competition and national security concerns.

Editor's note: The page states that on 16 November 2021 the DCMS Secretary of State referred NVIDIA’s proposed acquisition of Arm to the CMA for a Phase 2 in-depth investigation, citing competition and national-security concerns. The quoted text appears on the page.

UK CMA finds competition concerns in Nvidia's Arm purchase

The UK Competition and Markets Authority found that Nvidia's proposed purchase of Arm should proceed to a Phase 2 investigation. The CMA cited competition grounds for the in-depth investigation.

• UK Competition and Markets Authority · Aug 20, 2021 · Therefore, the CMA found that the merger should be progressed to an in-depth Phase 2 investigation on competition grounds.

Editor's note: The page states that the CMA determined an in-depth investigation was warranted on competition grounds and says the merger should progress to a Phase 2 investigation. It was published on 2021-08-20.

Nvidia announces agreement to acquire DeepMap

Nvidia announced an agreement to acquire high-definition mapping startup DeepMap. The contemporaneous report described the transaction as pending.

• TechCrunch · Jun 10, 2021 · Chipmaker Nvidia is acquiring DeepMap, the high-definition mapping startup announced.

Editor's note: The page states that Nvidia is acquiring DeepMap and describes DeepMap as a high-definition mapping startup. It was published June 10, 2021, and says the acquisition was expected to be finalized in Q3 2021, supporting that it was pending.

Nvidia announces plan to acquire Cumulus Networks

Nvidia announced plans to acquire Cumulus Networks. The companies did not announce a purchase price.

• TechCrunch · May 4, 2020 · Nvidia today announced its plans to acquire Cumulus Networks, an open-source-centric company that specializes in helping enterprises optimize their data center networking stack.

Editor's note: The article states that Nvidia announced plans to acquire Cumulus Networks and that the companies did not disclose the acquisition price. It is dated May 4, 2020.

Nvidia acquires SwiftStack

Nvidia acquired data-storage and management company SwiftStack. The transaction value was not disclosed.

• TechCrunch · Mar 5, 2020 · Nvidia today announced that it has acquired SwiftStack, a software-centric data storage and management platform that supports public cloud, on-premises and edge deployments.

Editor's note: The TechCrunch article states that Nvidia acquired SwiftStack and that the acquisition price was not disclosed. It is dated March 5, 2020.