SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia is set to acquire Hugging Face in a deal valued at approximately $12.93 billion. The formal agreement was signed on September 2, 2026. Nvidia will provide around $11.9 billion to Hugging Face shareholders, subject to typical adjustments. Additionally, the deal includes as much as about $1 billion in equity-based retention awards for eligible employees. Both companies anticipate the completion of the transaction in the first half of 2027, pending necessary approvals.
Hugging Face operates a prominent platform for artificial intelligence models, datasets, software libraries, and developer tools. Nvidia states that the platform serves 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 more than 1 million applications used for AI development. Over 200,000 companies utilize Hugging Face’s services to discover, test, customize, and deploy AI solutions across various computing environments.
Post-acquisition, the companies confirmed that Hugging Face will continue supporting multiple models, frameworks, cloud services, and hardware platforms. Developers will not be required to use Nvidia hardware to operate the platform. Hugging Face will sustain its support for open-source and open-weight models from various providers. The platform will also maintain compatibility with multiple cloud environments and accelerator technologies. Nvidia has stated that the platform will keep supporting silicon vendors beyond its own products, consistent with commitments related to the deal.
Commitments to the Open AI Ecosystem Remain Intact
Founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, Hugging Face expanded its offerings to include model hosting, datasets, developer libraries, and cloud-based AI tools. The company achieved a valuation of $4.5 billion in an August 2023 funding round, raising $235 million from technology investors. Prior to the acquisition, Nvidia and Hugging Face collaborated on projects that connected developers with Nvidia’s computing infrastructure and software tools.
Nvidia disclosed details of the acquisition in 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. Its completion depends on regulatory approvals and standard closing procedures. Nvidia also outlined operational commitments for Hugging Face after the transaction, including ongoing access to models and datasets, multi-cloud support, and compatibility with hardware from other semiconductor companies.
Expected Closure in the First Half of 2027
Nvidia already has a significant presence within Hugging Face’s developer community, having published over 500 models and more than 250 open datasets on the platform. The company also offers software libraries and development tools that users can adapt for their AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment, serving businesses, research groups, and independent developers involved in machine learning, generative AI, and other AI applications.
The $12.93 billion Nvidia deal to acquire Hugging Face will proceed once all closing conditions are fulfilled. Nvidia anticipates that the transaction will conclude during the first half of 2027. Under the announced commitments, Hugging Face will continue supporting developers working with various models, cloud services, frameworks, and hardware platforms. The platform will retain its multi-cloud and multi-accelerator strategy. Until the deal’s completion, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.