Breaking

NVIDIA Reaches $12.93 Billion Agreement to Acquire Hugging Face

September 4, 2026 at 04:18 EDT

Foundation Models
Open Source
Funding & M&A

NVIDIA has agreed to acquire Hugging Face for $12.93 billion, extending the chipmaker’s reach into the software and open-model layer of the AI stack. The companies say Hugging Face will remain an open, multi-cloud and multi-accelerator platform.

September 3, 2026 · NVIDIA

NVIDIA moves into the open-model hub

The proposed $12.93B acquisition would bring Hugging Face inside NVIDIA while preserving its stated open and hardware-neutral model.

A $12.93B deal against the last valuation

Dollar figures shown on one proportional scale.

$4.5B 2023 valuation

$12.93B proposed deal value

Each block represents approximately $0.5B; the stacks show scale, not transaction terms.

Platform footprint

18M+

developers, researchers and creators

3M+

models

applications

200K+

companies using the platform

Potential upside

More capacity

NVIDIA says its infrastructure could strengthen reliability, safety, evaluation, inference and deployment.

Critical test

Neutrality

Ownership could create pressure to steer developers toward NVIDIA products, despite the open-platform commitment.

What changes next

Expected close

H1 2027

Purchase price

$11.9B

Employee retention

Up to $1.0B

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