SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached an agreement to purchase Hugging Face in a deal valued at approximately $12.93 billion. The definitive agreement was signed on September 2, 2026. Nvidia intends to pay about $11.9 billion to Hugging Face shareholders, subject to standard adjustments. Additionally, the deal includes up to roughly $1 billion in equity-based retention awards for eligible employees. Both companies anticipate the transaction will finalize in the first half of 2027 after receiving the necessary approvals.
Hugging Face is a leading platform for AI models, datasets, software libraries, and developer tools. Nvidia reports that the platform has more than 18 million developers, researchers, and creators. It hosts over 3 million models and around 500,000 datasets. The platform also provides access to over 1 million applications used in artificial intelligence development. More than 200,000 organizations rely on Hugging Face services to discover, test, customize, and deploy AI solutions across various computing environments.
The companies stated that Hugging Face will continue supporting multiple models, frameworks, cloud services, and hardware platforms following the acquisition. Developers will not be required to use Nvidia hardware to access the platform. The company will keep supporting open-source and open-weight models from diverse providers. Its services will also maintain compatibility with multiple cloud providers and accelerator technologies. Nvidia emphasized that the platform will continue supporting silicon vendors beyond its own products, consistent with commitments related to the deal.
Commitments to ongoing open AI platform support remain
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf. Since then, the company has expanded into 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 collaborated on projects that connected developers with Nvidia’s computing infrastructure and software tools.
Nvidia disclosed the acquisition agreement through a Form 8-K filed with the U.S. Securities and Exchange Commission on September 3, 2026. This filing confirms that the deal is still pending and has not yet closed. Finalization remains contingent on regulatory approvals and typical closing conditions. Nvidia also outlined 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 companies.
Nvidia aims for completion in the first half of 2027
Nvidia already holds a significant presence within the Hugging Face developer community. The company states it has published over 500 models and more than 250 open datasets on the platform. Nvidia also supplies software libraries and development tools for AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment. Its platform serves enterprises, research institutions, and independent developers working across machine learning, generative AI, and other artificial intelligence applications.
The $12.93 billion Nvidia acquisition of Hugging Face remains 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 across various models, clouds, frameworks, and platforms. The platform will maintain its multi-cloud and multi-accelerator strategy. Until the deal’s completion, Nvidia and Hugging Face will continue operating independently under the terms of the signed agreement.