SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached an agreement to acquire Hugging Face in a deal valued at approximately $12.93 billion. The definitive agreement was signed on September 2, 2026. Nvidia will transfer 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 staff. Both companies anticipate completing the transaction in the first half of 2027, pending necessary approvals.
Hugging Face operates 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. Furthermore, it offers access to over 1 million applications for AI development. More than 200,000 companies leverage Hugging Face’s services to explore, test, customize, and deploy AI solutions across diverse computing environments.
Post-acquisition, both firms stated Hugging Face will continue supporting multiple models, frameworks, cloud providers, and hardware platforms. Developers will not be required to use Nvidia hardware to utilize the platform. The company will maintain support for open-source and open-weight models from various providers, ensuring compatibility with multiple cloud environments and accelerator technologies. Nvidia also confirmed that the platform will keep supporting semiconductor vendors beyond Nvidia’s own products as part of the transaction commitments.
Existing commitments to the open AI platform will stay in effect
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf. Over time, the company expanded its services to include model hosting, datasets, developer libraries, and cloud-based AI tools. Its valuation reached $4.5 billion in a funding round in August 2023, which secured $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.
On September 3, 2026, Nvidia filed a Form 8-K with the U.S. Securities and Exchange Commission, disclosing the acquisition agreement. The document confirms that the deal is still pending and has yet to close. Finalization depends on regulatory approvals and standard closing procedures. Nvidia also outlined operational commitments for Hugging Face following the acquisition, including continued access to models and datasets, multi-cloud support, and compatibility with hardware from other semiconductor providers.
Nvidia aims for a first-half 2027 closing
Nvidia already maintains a substantial presence within the Hugging Face developer community. The company reports having published over 500 models and more than 250 open datasets on the platform. It also supplies software libraries and development tools that users can adapt for AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment, serving enterprises, research groups, and individual developers working across machine learning, generative AI, and other AI fields.
The $12.93 billion Nvidia acquisition of Hugging Face will remain subject to review until all conditions for closing are satisfied. Nvidia expects the deal to conclude during the first half of 2027. Under the announced commitments, Hugging Face will continue supporting developers across different models, cloud platforms, frameworks, and hardware. The platform will preserve its multi-cloud and multi-accelerator strategy. Until the transaction is finalized, Nvidia and Hugging Face will operate separately under the terms outlined in the signed acquisition agreement.
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