DigestAI news desk

Cut through the AI noise.

Business & Funding2 min read

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.

1 source

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.

The story so far

8 episodes →
  1. Nvidia to acquire Hugging Face for $12.9 billionthis story
Full story from finance.yahoo.com · by Marcus Mears III · via Search: Hugging FaceOpen source ↗

What Is Hugging Face, Nvidia's Latest Acquisition?

finance.yahoo.com · 17 September 2026

Loading the full article…

This text was published by finance.yahoo.com and written by Marcus Mears III. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗

Topics · follow one to build your own front page

The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.

Comments

via GitHub Discussions

More in Business & Funding

All →

Related stories