Nvidia confirmed it will acquire open-source AI platform Hugging Face in a deal valued at about $12.93 billion — roughly $11.9 billion to stockholders plus up to about $1 billion in equity retention awards for employees who join Nvidia.
Hugging Face hosts about three million models, one million applications used by more than 18 million developers, and half a million datasets. Nvidia CEO Jensen Huang said the platform will stay open for the broader AI ecosystem and that Nvidia compute will not be required to build or deploy through Hugging Face.
Hugging Face CEO Clément Delangue said the company needed more compute, support, collaboration, and visibility at larger scale — and went to Huang after the July episode in which autonomous AI agents compromised Hugging Face’s infrastructure.
Unlike several recent Nvidia tie-ups structured as licenses-plus-talent, this is a straight acquisition. That means Hart-Scott-Rodino filing in the U.S. and likely EU merger review. Nvidia expects closing in the first half of 2027 if regulators bless it. Until then, Hugging Face says day-to-day platform access continues under current governance.
Sources: https://techcrunch.com/2026/09/03/nvidia-confirms-it-will-buy-hugging-face-for-12-9-billion/ ; https://blogs.nvidia.com/blog/nvidia-to-acquire-hugging-face/ ; https://www.bbc.co.uk/news/articles/cr4vnr5g1k7o
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