SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached a deal to acquire Hugging Face in a transaction valued at approximately $12.93 billion. The companies finalized the agreement on September 2, 2026. Nvidia will compensate Hugging Face stockholders with roughly $11.9 billion, subject to customary adjustments. Additionally, the deal includes up to about $1 billion in equity-based retention awards for eligible employees. Both parties anticipate completing the transaction in the first half of 2027, pending necessary approvals.
Hugging Face operates a prominent platform that hosts artificial intelligence models, datasets, software libraries, and developer tools. Nvidia reports that the platform has over 18 million developers, researchers, and creators. It boasts more than 3 million models and around 500,000 datasets. The platform also provides access to more than 1 million applications used for AI development. Over 200,000 companies utilize Hugging Face services to discover, test, customize, and deploy AI systems across diverse computing environments.
Following the acquisition, both companies stated 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. Hugging Face will persist in supporting open-source and open-weight models from various providers. Its services will remain compatible with multiple cloud environments and accelerator technologies. Nvidia affirmed that the platform will also maintain support for silicon vendors beyond its own products, in line with commitments associated with the transaction.
Commitments to Open AI Platforms Persist
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf. Since then, the company has expanded its offerings to include model hosting, datasets, developer libraries, and cloud-based AI tools. In August 2023, Hugging Face reached a valuation of $4.5 billion after raising $235 million from technology investors. Prior to the acquisition agreement, Nvidia and Hugging Face collaborated on projects that connected developers with Nvidia’s computing infrastructure and software tools.
Nvidia disclosed details of 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 remains pending and has not yet closed. Completion will depend on regulatory approvals and standard closing conditions. Nvidia also outlined operational commitments for Hugging Face post-acquisition, including continued access to models and datasets, multi-cloud support, and compatibility with hardware from other semiconductor vendors.
Nvidia Aims for First-Half 2027 Closure
Nvidia already maintains a substantial presence within the Hugging Face developer community. The company reports that it has published over 500 models and more than 250 open datasets on the platform. Nvidia also provides software libraries and development tools that users can adapt for their AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment. Its platform serves organizations, research groups, and independent developers engaged in machine learning, generative AI, and other artificial intelligence applications.
The $12.93 billion Nvidia acquisition of Hugging Face will continue to be subject to review until all closing conditions are satisfied. Nvidia expects the deal to close during the first half of 2027. Hugging Face will uphold its support for developers working across various models, cloud services, frameworks, and platforms under the commitments announced. The platform will also retain its multi-cloud and multi-accelerator strategy. Until the transaction completes, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.