Nvidia to Acquire Hugging Face in $12.93 Billion Deal
Nvidia will buy Hugging Face for nearly $13 billion, bringing the popular open‑source AI model platform under the chipmaker’s ownership.
Nvidia announced a definitive agreement to acquire Hugging Face for $12.93 billion, according to a report from The Verge AI on September 3, 2026. The transaction places one of the most widely used hosting services for open‑source AI models, datasets, and tools under the control of the world’s largest AI chip manufacturer.
Founded in 2016, Hugging Face operates an online platform that enables AI developers to share projects, datasets, and tools with the broader community. Its repository has become a central hub for researchers and engineers building and deploying state‑of‑the‑art models.
The acquisition aligns Nvidia’s hardware expertise with Hugging Face’s software ecosystem, potentially streamlining the deployment of AI workloads on Nvidia’s GPUs and specialized chips. Both companies have emphasized the strategic fit, highlighting how the combined resources could accelerate innovation across the AI stack.
Details of the deal’s financing and regulatory approvals were not disclosed in the excerpt, but the agreement signals a continued trend of major chipmakers expanding into AI software infrastructure.
The Verge AI noted that the purchase price of $12.93 billion reflects the high valuation placed on platforms that facilitate open‑source AI development, underscoring the growing economic importance of model hosting services in the broader AI market.
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