SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has entered into a deal to acquire Hugging Face, valued at approximately $12.93 billion. The two companies finalized their agreement on September 2, 2026. Nvidia intends to pay roughly $11.9 billion to Hugging Face’s shareholders, subject to standard adjustments. Additionally, the agreement includes up to around $1 billion in equity-based retention awards for qualifying employees. The transaction is expected to conclude in the first half of 2027, pending necessary approvals.
Hugging Face is known for operating a significant platform dedicated to artificial intelligence models, datasets, software libraries, and developer tools. Nvidia reports that the platform has over 18 million users, including developers, researchers, and creators. It hosts more than 3 million models and approximately 500,000 datasets, while providing access to over 1 million AI development applications. More than 200,000 companies utilize Hugging Face services to explore, test, customize, and implement AI systems across various computing environments.
According to the companies, Hugging Face will continue to support multiple models, frameworks, cloud services, and hardware platforms even after the acquisition. Developers will not be required to use Nvidia hardware to access the platform. The company remains committed to maintaining open-source and open-weight models from various providers. Its services will stay compatible with diverse cloud environments and accelerator technologies. Nvidia also stated that the platform will continue to support silicon vendors beyond its own products, as part of the transaction commitments.
Open AI platform commitments will stay intact
Founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, Hugging Face has expanded its offerings to include model hosting, datasets, developer libraries, and cloud-based AI tools. In August 2023, the company achieved a valuation of $4.5 billion following a funding round that raised $235 million from tech investors. Prior to the acquisition, Nvidia and Hugging Face collaborated on projects that connected developers with Nvidia’s computing infrastructure and software tools.
Nvidia disclosed the acquisition agreement in 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 yet to close. Finalization depends on regulatory approvals and customary closing procedures. Nvidia also outlined operational commitments for Hugging Face post-acquisition, including ongoing access to models and datasets, support for multiple clouds, and compatibility with hardware from other semiconductor manufacturers.
Nvidia anticipates completing the acquisition in the first half of 2027
Nvidia already maintains a substantial presence within the Hugging Face 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 modify for their own AI projects. Hugging Face offers features for model discovery, evaluation, customization, and deployment. Its platform supports companies, research groups, and independent developers working across machine learning, generative AI, and other AI applications.
The $12.93 billion Nvidia acquisition of Hugging Face will remain subject to review until all closing conditions are satisfied. Nvidia projects the deal will close during the first half of 2027. Under the announced commitments, Hugging Face will continue supporting developers with various models, cloud options, frameworks, and platforms. The platform will also uphold its multi-cloud and multi-accelerator strategies. Until the deal is finalized, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.