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Nvidia agrees to acquire Hugging Face for $12.93 billion

The chipmaker commits to keeping the prominent open-source AI platform hardware-agnostic and accessible across the developer ecosystem.

Updated Sep 3, 2026 · 13:19 UTC12 reports

The short version

  • Nvidia announced a deal to buy open-source AI software repository Hugging Face for roughly $12.93 billion.
  • The transaction includes an $11.9 billion purchase price for stockholders alongside roughly $1 billion in employee equity retention.
  • Leadership from both companies stated Hugging Face will remain an open, multi-cloud platform without requiring Nvidia hardware.
  • The proposed transaction remains subject to regulatory review before final completion.

Key facts

  • Nvidia agreed to acquire AI software platform Hugging Face for $12.93 billion ($12,930,300,000).[Engadget · Associated Press · Business Insider]
  • According to an SEC filing, the transaction terms include an $11.9 billion cash and equity payout for stockholders and about $1 billion in an equity retention program for employees joining Nvidia.[Business Insider]
  • Nvidia CEO Jensen Huang stated that Hugging Face will continue as an open, compute-agnostic platform supporting open weights and multi-cloud infrastructure without mandating Nvidia chips.[Variety · Associated Press · Hacker News]
  • Hugging Face CEO Clément Delangue stated that he, his co-founders, and the rest of the company will join Nvidia to run an independently neutral platform.[Variety · Deutsche Welle]
  • Hugging Face hosts over 3 million models, 500,000 datasets, and 1 million applications, serving over 18 million developers and more than 200,000 companies.[TechCrunch · Associated Press]
  • The transaction represents one of Nvidia's largest historical acquisitions, surpassed only by a reported $20 billion purchase of Groq assets.[CNBC]

What remains uncertain

  • The timetable for closing and whether the deal will clear regulatory antitrust review remain unconfirmed.[Engadget]

Sources