SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached a deal to purchase Hugging Face in a transaction valued at approximately $12.93 billion. The official agreement was signed on September 2, 2026. Nvidia will provide around $11.9 billion to Hugging Face shareholders, subject to standard adjustments. Included in the offer are potential equity-based retention awards totaling up to about $1 billion for eligible staff. Both companies anticipate the deal’s closure in the first half of 2027, contingent upon necessary approvals.
Hugging Face operates a prominent platform for artificial intelligence models, datasets, software libraries, and developer tools. Nvidia reports that the platform has a user base exceeding 18 million developers, researchers, and creators. It hosts over 3 million models and roughly 500,000 datasets. Additionally, the platform grants access to more than 1 million applications used in AI development. Over 200,000 enterprises utilize Hugging Face services to discover, test, customize, and deploy AI solutions across diverse computing environments.
Post-acquisition, both parties indicated Hugging Face will continue supporting various models, frameworks, cloud services, and hardware platforms. Developers will not be required to use Nvidia hardware to access the platform. The company will maintain its commitment to open-source and open-weight models from different providers. Its offerings will also stay compatible with multiple cloud environments and accelerator technologies. Nvidia affirmed that the platform will keep supporting silicon vendors beyond its own products, as part of the transaction commitments.
Existing open AI platform commitments will stay in effect
Founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, Hugging Face has expanded its services to encompass model hosting, datasets, developer libraries, and cloud-based AI tools. In an August 2023 funding round, the company was valued at $4.5 billion after raising $235 million from technology 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 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 closed. Finalization depends on regulatory approval and other standard closing conditions. Nvidia also outlined operational commitments for Hugging Face post-transaction, including ongoing access to models and datasets, multi-cloud support, and compatibility with hardware from other semiconductor firms.
Targeted closing set for the first half of 2027
Nvidia already plays a significant role within Hugging Face’s developer community, having published over 500 models and more than 250 open datasets on the platform. The company also supplies software libraries and development tools that users can adapt for AI projects. Hugging Face supports activities such as model discovery, evaluation, customization, and deployment. Its platform serves businesses, research institutions, and independent developers working across machine learning, generative AI and other artificial intelligence fields.
The $12.93 billion Nvidia acquisition of Hugging Face will remain subject to review until all closing conditions are satisfied. Nvidia anticipates completing the deal during the first half of 2027. Hugging Face will continue supporting developers across various models, clouds, frameworks, and platforms under the commitments announced. The platform will also retain its multi-cloud and multi-accelerator strategies. Until the transaction concludes, Nvidia and Hugging Face will operate as separate entities, following the terms outlined in the signed agreement.