SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached a deal to purchase Hugging Face in a transaction valued at approximately $12.93 billion. The formal agreement was signed on September 2, 2026. Nvidia will allocate roughly $11.9 billion to Hugging Face shareholders, subject to customary adjustments. Included in the package are up to about $1 billion in equity-based retention awards for qualifying employees. The companies anticipate the deal will be finalized in the first half of 2027, pending regulatory and other necessary approvals.
Hugging Face provides a prominent platform for artificial intelligence models, datasets, software libraries, and developer tools. Nvidia reports that the platform serves over 18 million developers, researchers, and content creators. It hosts more than 3 million models and around 500,000 datasets. The platform also offers access to more than 1 million applications used for AI development. Over 200,000 enterprises utilize Hugging Face’s services to discover, test, customize, and deploy AI solutions across various computing environments.
Post-acquisition, both companies affirm that Hugging Face will continue supporting multiple models, frameworks, cloud providers, and hardware platforms. Developers will not be required to use Nvidia hardware to access the platform. The company will uphold its commitment to open-source and open-weight models from diverse sources. Compatibility with multiple cloud services and accelerator technologies will also be maintained. Nvidia stated that the platform will persist in supporting silicon vendors beyond its own products, as part of the agreements related to the acquisition.
Open AI platform commitments will remain intact
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf. The firm has since expanded its services to encompass model hosting, datasets, developer libraries, and cloud-based AI tools. It reached a valuation of $4.5 billion during an August 2023 funding round, which raised $235 million from tech investors. Prior to the acquisition, Nvidia and Hugging Face collaborated on projects connecting developers with Nvidia’s computing infrastructure and software tools.
Nvidia disclosed the acquisition agreement through a Form 8-K filed with the U.S. Securities and Exchange Commission on September 3, 2026. The filing confirms that the deal is still pending and has not yet been finalized. Completion depends on regulatory approvals and standard closing conditions. Nvidia also outlined operational commitments for Hugging Face following the deal, including ongoing access to models and datasets, multi-cloud support, and compatibility with hardware from other semiconductor companies.
Nvidia aims for completion in the first half of 2027
Nvidia already holds a significant role within Hugging Face’s developer community. The company reports having published more than 500 models and over 250 open datasets on the platform. It also supplies software libraries and development tools that users can adapt for AI projects. Hugging Face facilitates model discovery, evaluation, modification, and deployment. Its platform serves a wide range of clients including businesses, research institutions, and individual developers working in areas such as machine learning, generative AI, and other AI applications.
The $12.93 billion Nvidia acquisition of Hugging Face will continue to be subject to review until all closing conditions are satisfied. Nvidia expects the transaction to conclude during the first half of 2027. Hugging Face will uphold its support for developers working across diverse models, cloud providers, frameworks, and computing platforms, consistent with the announced commitments. The platform will also sustain its multi-cloud and multi-accelerator strategies. Until the deal’s completion, Nvidia and Hugging Face will operate as separate entities under the terms set out in the signed acquisition agreement.