SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached a deal to acquire Hugging Face in a transaction valued at approximately $12.93 billion. The two companies finalized the agreement on September 2, 2026. Nvidia will transfer around $11.9 billion to Hugging Face shareholders, with adjustments as per standard procedures. Additionally, the deal includes up to about $1 billion in equity-based retention awards for eligible employees. The companies anticipate closing the deal in the first half of 2027 once all necessary approvals are secured.
Hugging Face manages a prominent platform dedicated to artificial intelligence models, datasets, software libraries, and developer tools. Nvidia states that the platform supports over 18 million developers, researchers, and creators. It hosts more than 3 million models and roughly 500,000 datasets. The platform also offers access to over 1 million applications used in AI development. More than 200,000 organizations leverage Hugging Face services to discover, experiment with, customize, and deploy AI solutions across various computing environments.
Both companies confirmed that Hugging Face will continue to support multiple models, frameworks, cloud services, and hardware platforms after the acquisition. Developers will be able to use the platform without requiring Nvidia hardware. Hugging Face will persist in supporting open-source and open-weight models from various providers. Its services will maintain compatibility across multiple cloud environments and accelerator technologies. Nvidia has also committed that the platform will support silicon vendors beyond its own products as part of the transaction agreements.
Commitments to continue supporting open AI platforms remain
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf. Over time, the company expanded into hosting models, 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 disclosed the acquisition agreement through 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 detailed operational commitments for Hugging Face after the transaction, which include ongoing access to models and datasets, support across multiple clouds, and compatibility with hardware from other semiconductor companies.
Expected closing set for the first half of 2027
Nvidia already maintains a significant presence within the Hugging Face community, having published over 500 models and more than 250 open datasets on the platform. The company also supplies software libraries and tools that users can adapt for AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment. Its platform serves a diverse range of users, including companies, research groups, and independent developers working on machine learning, generative AI, and other artificial intelligence applications.
The $12.93 billion Nvidia deal to acquire Hugging Face will remain subject to review until all closing conditions are satisfied. Nvidia projects the transaction will conclude 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 also uphold its multi-cloud and multi-accelerator approach. Until the deal is finalized, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.