SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has agreed to acquire Hugging Face in a deal valued at approximately $12.93 billion. The firms finalized the definitive agreement on September 2, 2026. Nvidia will provide around $11.9 billion to Hugging Face shareholders, subject to customary adjustments. Additionally, the deal includes up to roughly $1 billion in equity-based retention awards for qualifying employees. Both companies anticipate the deal to be finalized in the first half of 2027, pending regulatory approvals.
Hugging Face manages a prominent platform for AI models, datasets, software libraries, and developer tools. Nvidia states that the platform has over 18 million users, including developers, researchers, and creators. The service hosts more than 3 million models and approximately 500,000 datasets, in addition to providing access to over 1 million applications for AI development. More than 200,000 companies utilize Hugging Face services to explore, test, customize, and deploy AI solutions across various computing environments.
Following the acquisition, both companies emphasized that Hugging Face will continue to support multiple models, frameworks, cloud services, and hardware platforms. Developers will not be required to use Nvidia hardware to access the platform. The company will maintain support for open-source and open-weight models from various providers, ensuring continued compatibility with diverse cloud environments and accelerator technologies. Nvidia also confirmed that the platform will sustain support for silicon vendors beyond Nvidia’s own products under commitments associated with the deal.
Commitments to Open AI Platform Remain Unchanged
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf. Over time, the firm expanded its offerings to include model hosting, datasets, developer libraries, and cloud-based AI tools. In August 2023, Hugging Face achieved a valuation of $4.5 billion after securing $235 million from technology investors in a funding round. Prior to the acquisition, Nvidia and Hugging Face collaborated on projects that connected developers with Nvidia’s computing infrastructure and software tools.
Nvidia revealed the acquisition plan in a Form 8-K filed with the U.S. Securities and Exchange Commission on September 3, 2026. The filing confirms that the deal remains under review and has not yet been completed. Finalization depends on regulatory approvals and customary closing conditions. Nvidia also detailed operational commitments for Hugging Face after the deal, including continued access to models and datasets, multi-cloud support, and compatibility with hardware from other semiconductor manufacturers.
Nvidia Aims for Completion in the First Half of 2027
Nvidia already plays a significant role within the Hugging Face community, having published more than 500 models and over 250 open datasets on the platform. The company also provides software libraries and development tools that users can adapt for their AI projects. Hugging Face enables model discovery, evaluation, customization, and deployment. Its platform serves a diverse client base, including companies, research groups, and independent developers working across machine learning, generative AI, and other artificial intelligence fields.
The $12.93 billion Nvidia deal to acquire Hugging Face is subject to review until all closing conditions are satisfied. Nvidia anticipates the transaction will conclude during the first half of 2027. Under the announced commitments, Hugging Face will continue supporting developers with a broad range of models, cloud options, frameworks, and hardware platforms. The platform will uphold its multi-cloud and multi-accelerator strategy. Until the deal’s completion, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.