Nvidia to acquire Hugging Face for $12.9 billion
Nvidia disclosed on September 2, 2026 that it will buy Hugging Face in a transaction valued at $12.9 billion. The deal is slated to close in the first half of 2027 and would bring the open‑AI community platform under Nvidia’s ownership.
Key points
- Nvidia announced a $12.9 billion acquisition of Hugging Face, disclosed on September 2 2026, to close in the first half of 2027.
- Hugging Face hosts a community of over 18 million developers and more than 200,000 companies using its Hub for models and datasets.
- Nvidia aims to extend its software ecosystem beyond GPUs by owning the open‑model platform, countering rivals developing their own AI chips.
Hugging Face runs a hub used by more than 18 million developers and over 200,000 companies to share and deploy models, datasets, and tutorials. Nvidia says the acquisition gives it direct access to a large creator base and strengthens its software stack, which already includes CUDA and a growing set of AI tools. By owning a platform focused on open‑weight models, Nvidia can extend its influence beyond hardware, offering developers more freedom to run models on any infrastructure. The move also serves as a defensive play against rivals such as Microsoft, Google and Amazon, which are building their own AI processors and could reduce reliance on Nvidia GPUs.
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What Is Hugging Face, Nvidia's Latest Acquisition?
finance.yahoo.com · 17 September 2026
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