SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached an agreement to purchase Hugging Face in a deal valued at approximately $12.93 billion. The finalized agreement was signed on September 2, 2026. Nvidia plans to pay about $11.9 billion to Hugging Face stockholders, subject to customary adjustments. The deal also includes up to roughly $1 billion in equity-based retention awards for eligible employees. Both companies anticipate that the transaction will be finalized in the first half of 2027 after obtaining the necessary approvals.
Hugging Face is known for running a prominent platform that hosts artificial intelligence 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, roughly 500,000 datasets, and provides access to over 1 million applications used in AI development. More than 200,000 companies utilize Hugging Face’s services to explore, test, customize, and deploy AI systems across various computing environments.
Both companies stated that Hugging Face will continue to support 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 maintain support for open-source and open-weight models from different providers, ensuring compatibility with various cloud environments and accelerator technologies. Nvidia also confirmed that the platform will keep supporting silicon vendors beyond its own products, as part of commitments tied to the deal.
Commitments to Open AI Platforms to Persist
Founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, Hugging Face has expanded from model hosting to include datasets, developer libraries, and cloud-based AI tools. In August 2023, the company achieved a valuation of $4.5 billion during a funding round that raised $235 million from technology investors. Prior to the acquisition, Nvidia and Hugging Face collaborated on projects connecting developers with Nvidia’s computing infrastructure and software tools.
The acquisition agreement was publicly 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 procedures. Nvidia also outlined operational commitments for Hugging Face following the transaction, including continued access to models and datasets, multi-cloud support, and compatibility with hardware accelerators made by other semiconductor manufacturers.
Targeted Closure in the First Half of 2027
Nvidia already has a substantial presence within the Hugging Face ecosystem. The company reports having published over 500 models and more than 250 open datasets on the platform. Additionally, Nvidia supplies software libraries and development tools that users can adapt for AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment. Its platform serves a diverse range of clients, including corporations, research groups, and independent developers working on machine learning, generative AI, and other AI applications.
The $12.93 billion Nvidia acquisition of Hugging Face remains subject to regulatory review until all conditions for closing are fulfilled. The company expects the transaction to be finalized during the first half of 2027. Under the announced commitments, Hugging Face will continue supporting developers across various models, cloud platforms, frameworks, and hardware accelerators. The platform will uphold its multi-cloud and multi-accelerator approach until the deal is completed. Until then, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.