Breaking

NVIDIA Agrees to Acquire Hugging Face for $12.93 Billion

September 3, 2026 at 10:26 EDT

Foundation Models
Open Source
Funding & M&A

NVIDIA has agreed to acquire Hugging Face for $12.93 billion, a deal that would bring the open-model platform under the chipmaker’s ownership. NVIDIA says Hugging Face will remain open, multi-cloud and multi-accelerator, with NVIDIA compute not required for building or deployment. NVIDIA’s announcement

SEPTEMBER 3, 2026 • NVIDIA

NVIDIA to Acquire Hugging Face

The $12.93 billion agreement would scale an open-model platform while preserving developer choice across models, clouds and hardware.

$12.93B

Announced deal value

18M+

Developers, researchers and creators

200K+

Companies using the platform

The platform’s stated inventory

Vertical blocks show the relative scale of models, applications and datasets.

3M+

models

applications

500K

datasets

Potential upside

More infrastructure, engineering and enterprise support could improve reliability, safety and deployment.

Neutrality test

Developers and rival hardware vendors will be watching whether the platform remains genuinely multi-vendor.

THE COMMITMENT

Choice remains central

NVIDIA says builders can choose their models, frameworks, clouds, inference providers and computing platforms.

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