Nvidia’s Record-Breaking Acquisition of AI Leader Hugging Face for $12.93 Billion
In a historic move, Nvidia has announced the acquisition of Hugging Face, the world’s foremost open-source AI platform, for a staggering $12.93 billion. This announcement, made on September 2, 2026, signifies a pivotal shift in the AI industry as the leading chipmaker broadens its reach from hardware to encompass the software and model ecosystem.
Hugging Face’s platform is a powerhouse, boasting over 3 million models, 500,000 datasets, and 1 million applications. These resources are utilized by an impressive 18 million developers, researchers, and creators globally. Furthermore, over 200,000 companies depend on the platform for AI discovery, customization, and deployment.
Jensen Huang, Nvidia’s CEO, affirmed that Hugging Face will remain accessible to the entire AI ecosystem. He emphasized that developers will continue to have the freedom to select their models, frameworks, and cloud providers. Hugging Face CEO, Clément Delangue, echoed this sentiment, highlighting the need for increased compute and infrastructure to scale the open-source AI mission. The deal is slated to be finalized in the first half of 2027, subject to regulatory approvals. Despite the acquisition’s hefty price tag of $12.93 billion, it represents a minuscule portion of Nvidia’s nearly $5.5 trillion market capitalization, underscoring the company’s ambition to dominate the full AI technology stack.
Source: TechCrunch – Nvidia Confirms Hugging Face Acquisition