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NVIDIA Agrees to Buy Hugging Face for $12.93 Billion and Keep the Hub Open

  • Funding & M&A
  • Open Source
  • Foundation Models

NVIDIA has agreed to acquire Hugging Face for $12.93 billion, putting the industry’s main open-model hub under the control of the leading AI chipmaker while pledging that the platform will stay open to rival hardware. A definitive agreement was signed on September 2, 2026, with closing expected in the first half of 2027 if customary conditions, including regulatory approvals, are met.

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