NVIDIA Agrees to Acquire Hugging Face for $12.9 Billion

NVIDIA (NVDA ) announced on September 3, 2026, that it has agreed to acquire Hugging Face, the open model and dataset platform, for $12,930,300,000. The company disclosed the agreement in a post on its official blog, which NVIDIA’s newsroom lists under that date.

NVIDIA said the combined companies will scale Hugging Face’s platform, strengthen its infrastructure, and expand access to AI for developers and institutions worldwide. The announcement did not disclose a payment structure, an expected closing timeline, or any regulatory conditions.

According to the announcement, more than 18 million developers, researchers, and creators use Hugging Face to share more than 3 million models, 500,000 datasets, and 1 million applications. NVIDIA stated that more than 200,000 companies use the platform to discover, evaluate, customize, and deploy AI.

Platform Commitments

NVIDIA stated that Hugging Face will remain an open platform for the entire AI ecosystem following the acquisition. Under the commitments described in the post, developers will choose the models, frameworks, clouds, inference service providers, and computing platforms they want, and NVIDIA compute will not be required to build on or deploy through Hugging Face.

The company said Hugging Face will continue to support open source and open weight models from every model builder across the ecosystem. It will also continue to support multi-cloud and multi-accelerator development and deployment, NVIDIA stated, so builders can use the hardware and infrastructure that best fit their work.

The post’s author wrote that Clem came to them while considering the next chapter of Hugging Face and believed NVIDIA would be a great home for the company, its community, and the future of open models. The announcement states that the Hugging Face team will bring its work to a larger canvas while retaining its existing brand. The post’s first-person references to “Clem, Julien, Thomas and the team at Hugging Face” correspond to the company’s co-founders, including chief executive Clément Delangue, co-founder Julien Chaumond, and co-founder Thomas Wolf, all three of whom are listed as members of the company’s official organization on the platform.

Open Models Focus

The announcement notes that the author recently coauthored an open letter on the importance of open weights to the AI economy, joined by leaders from across the industry. The letter’s position, as described in the post, is that open weights broaden access to AI and help ensure that AI leadership is distributed across companies, institutions, and communities.

According to NVIDIA, open models let startups, businesses, universities, and public institutions build on advanced capabilities without training every model from scratch, and they enable organizations to match the right model to the right job.

NVIDIA described itself as the largest contributor of open models and data to Hugging Face, and said its contributions continue to grow. The company stated it has released more than 500 models and more than 250 open datasets on the platform, and that it builds its own models, libraries, and tools in the open so developers can use, modify, and build on top of them. The post adds that NVIDIA has been committed to open weight models for years, demonstrated by multiyear investments and major contributions to open source platforms, including Hugging Face.

NVIDIA said its infrastructure, engineering, and global reach can help improve Hugging Face’s platform reliability, safety, model evaluation, inference, and deployment capabilities while preserving the open ecosystem. Hugging Face describes its mission on its official organization page as democratizing good machine learning.

The agreement lands eight days after NVIDIA reported second-quarter fiscal 2027 revenue of $96.2 billion for the period ended July 26, 2026, up 106% from a year earlier, according to its August 26, 2026, earnings release. That filing shows NVIDIA held $22.4 billion in cash and cash equivalents and $34.1 billion in marketable debt securities at quarter end.