SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has entered into a definitive agreement to purchase Hugging Face for approximately $12.93 billion, with the deal being signed on September 2, 2026. Nvidia plans to pay around $11.9 billion to Hugging Face’s shareholders, subject to customary adjustments. The agreement also includes the potential granting of equity-based retention awards worth up to about $1 billion for qualifying employees. The companies anticipate the transaction to be finalized in the first half of 2027, following the approval process.
Hugging Face provides a prominent platform for artificial intelligence models, datasets, software libraries, and developer tools. Nvidia reports that the platform has more than 18 million users, including developers, researchers, and content creators. It hosts over 3 million models and approximately 500,000 datasets, along with access to more than 1 million applications used for AI development. Over 200,000 companies utilize Hugging Face to explore, evaluate, customize, and implement AI solutions across various computing environments.
Post-acquisition, the companies stated Hugging Face will continue to support multiple models, frameworks, cloud services, and hardware platforms. Developers will not be required to use Nvidia hardware to operate the platform. The company will maintain support for open-source and open-weight models from various providers. Compatibility with multiple cloud platforms and accelerator technologies will also be preserved. Nvidia confirmed that the platform will continue to support silicon vendors beyond its own products, as part of the transaction commitments.
Existing commitments to open AI platform to stay intact
Founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, Hugging Face expanded its services to include model hosting, datasets, developer libraries, and cloud-based AI tools. In August 2023, the company reached a valuation of $4.5 billion after raising $235 million from technology investors. Nvidia and Hugging Face had previously collaborated on projects that connected developers with Nvidia’s computing infrastructure and software solutions before the acquisition agreement.
Nvidia disclosed the agreement in a Form 8-K filed with the U.S. Securities and Exchange Commission on September 3, 2026. The filing confirms the deal remains pending and has not yet been finalized. Finalization depends on regulatory approvals and standard closing conditions. Nvidia also outlined operational commitments for Hugging Face after the deal, including ongoing access to models and datasets, multi-cloud support, and compatibility with hardware from other semiconductor manufacturers.
Nvidia aims for transaction completion in the first half of 2027
Nvidia already plays a significant role within the Hugging Face developer community, having published over 500 models and more than 250 open datasets on the platform. The company also supplies software libraries and development tools that users can adapt for their AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment, serving enterprises, research institutions, and independent developers engaged in machine learning, generative AI, and other AI applications.
The $12.93 billion Nvidia acquisition of Hugging Face remains subject to regulatory review until all closing conditions are fulfilled. Nvidia anticipates completing the deal during the first half of 2027. Under the announced commitments, Hugging Face will continue supporting developers across a range of models, clouds, frameworks, and platforms. The platform will also uphold its multi-cloud and multi-accelerator strategy. Until the deal is finalized, Nvidia and Hugging Face will operate as separate entities under the terms outlined in the acquisition agreement.