Breaking

NVIDIA to Acquire Hugging Face for $12.93 Billion

September 3, 2026 at 09:42 EDT

Foundation Models
Open Source
Infra & Chips

NVIDIA has agreed to acquire Hugging Face for $12,930,300,000, bringing one of the largest open-model platforms under the control of the dominant AI-computing company. The transaction, announced on September 3, is intended to expand Hugging Face’s infrastructure and developer reach while preserving its open, hardware-agnostic platform, according to NVIDIA.

September 3, 2026 · NVIDIA

NVIDIA moves for Hugging Face

The $12.93 billion acquisition would bring a major open-model platform into NVIDIA while preserving its stated multi-vendor access.

How the transaction is structured

$11.9B

Stockholder purchase price

$1.0B

Employee retention program

Approximate scale shown with stacked blocks; figures come from NVIDIA’s regulatory filing.

18M+

Developers, researchers and creators

3M+

Models shared

H1 2027

Expected closing window

The open-platform test

NVIDIA says Hugging Face will remain hardware-agnostic.

Developers are promised continued choice across models, frameworks, clouds, inference providers and competing silicon.

Potential upside

More infrastructure, engineering and resources for model evaluation, inference and deployment.

Open question

Whether ownership by a chip supplier can preserve neutrality for rival hardware and clouds.

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