Breaking

NVIDIA Agrees to Buy Hugging Face as Oura Files for IPO and Apollo Posts 18.3% Return

September 4, 2026 at 18:05 EDT

Foundation Models
Open Source
Funding & M&A

NVIDIA has agreed to acquire Hugging Face for $12.93 billion, while Oura has filed to go public and Apollo’s retail private-markets vehicle posted an 18.3% return for 2025. The three developments link open AI infrastructure with premium, subscription-backed health hardware and wider access to private-market strategies.

September 4, 2026 · Deals & AI

Capital moves across open AI and health tech

NVIDIA is buying Hugging Face, Oura is heading toward the public markets, and Apollo’s retail strategy delivered a strong private-market return.

Hugging Face valuation shift

NVIDIA’s agreed price is nearly 3× the 2023 private valuation

$4.5B

2023 private value

$12.93B

NVIDIA agreed value

Takeaway: Open AI infrastructure is attracting strategic capital at a much higher scale.

Key numbers

$1.2145B

Oura revenue, nine months

74%

Oura year-over-year growth

18.3%

Apollo S3 return in 2025

$1.8B

Each Hugging Face founder

Where the story lands

Momentum

Open-model access is expanding, while Ring 5 reviews highlight comfort, discreet wear and useful health analysis.

Pressure

Platform neutrality, sleep-stage claims, recurring hardware costs and private-market liquidity remain under scrutiny.

The common thread

Scale brings access—and new trust tests

NVIDIA promises an open, multi-cloud Hugging Face; Oura pairs fast member growth with accuracy and legal risks; Apollo’s return sits inside a concentrated, less-liquid strategy.

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