SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has finalized a deal to purchase Hugging Face for roughly $12.93 billion. The binding agreement was signed on September 2, 2026. Nvidia will deliver approximately $11.9 billion to Hugging Face shareholders, with adjustments as customary. Additionally, the deal includes up to about $1 billion in equity-based retention bonuses for eligible employees. The companies anticipate the transaction will be completed in the first half of 2027 following the necessary approvals.
Hugging Face offers a prominent platform for AI 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 around 500,000 datasets, while providing access to over 1 million applications used in AI development. Over 200,000 companies utilize Hugging Face’s services to explore, test, customize, and implement AI solutions across various computing environments.
Both companies announced that Hugging Face will continue to support multiple models, frameworks, cloud services, and hardware platforms post-acquisition. Usage of the platform by developers will not require Nvidia hardware. Support for open-source and open-weight models from various providers will persist. The services will also stay compatible with diverse cloud environments and accelerator technologies. Nvidia has stated that the platform will maintain support for silicon vendors beyond its own products, in line with commitments related to the deal.
Continued commitment to open AI platform remains
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf. Over time, the company 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 following a funding round that raised $235 million from technology investors. Prior to the acquisition, Nvidia and Hugging Face had collaborated on projects connecting developers with Nvidia’s computing infrastructure and software tools.
The acquisition agreement was disclosed by Nvidia 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 not yet closed. Finalization depends on regulatory approvals and standard closing conditions. Nvidia also outlined operational commitments concerning Hugging Face after the transaction, including ongoing access to models and datasets, multi-cloud support, and compatibility with hardware from other semiconductor companies.
Targeted closure in the first half of 2027
Nvidia already maintains a significant presence within the Hugging Face community. The company reports having published more than 500 models and over 250 open datasets on the platform. Nvidia’s software libraries and development tools are also available for users to adapt for their AI projects. Hugging Face facilitates model discovery, testing, customization, and deployment. Its platform caters to corporations, research institutions, and individual developers working across machine learning, generative AI, and other artificial intelligence applications.
The $12.93 billion Nvidia acquisition of Hugging Face will remain subject to regulatory review until all closing conditions are satisfied. Nvidia projects that the transaction will conclude during the first half of 2027. Under the announced commitments, Hugging Face will continue to support developers working with different models, cloud providers, frameworks, and hardware platforms. The platform will also retain its multi-cloud and multi-accelerator approach. Until the deal’s completion, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.