SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has completed a definitive agreement to acquire Hugging Face in a deal valued at approximately $12.93 billion, with the agreement being signed on September 2, 2026. Nvidia will pay about $11.9 billion to Hugging Face shareholders, subject to customary adjustments, and the deal also includes the possibility of allocating up to around $1 billion in equity-based retention awards for qualifying employees. The company anticipates that the acquisition will be finalized in the first half of 2027, contingent upon necessary approvals and closing conditions.
Hugging Face maintains a widely utilized platform for artificial intelligence models, datasets, applications, and developer tools, with Nvidia stating that more than 18 million developers, researchers, and creators rely on the service. The platform hosts over 3 million AI models and approximately 500,000 datasets, and it supports more than 1 million applications. Over 200,000 companies leverage Hugging Face for various activities including model discovery, testing, customization, and deployment across diverse computing environments.
Following the acquisition, Hugging Face will continue providing support for developers working with different models, frameworks, cloud providers, and hardware platforms, with Nvidia emphasizing that its hardware will not be mandatory for using the platform. The platform will also uphold its commitment to hosting open-source and open-weight models from multiple developers and organizations, and support for various clouds and hardware accelerators will remain available. Nvidia has also pledged to preserve compatibility with silicon products made by companies other than Nvidia after the deal is finalized.
Open platform access will persist across diverse hardware choices
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, and since then, the company has grown from offering software tools to providing model hosting, datasets, applications, and cloud-based AI development services. The company achieved a valuation of $4.5 billion following a funding round in August 2023 that raised $235 million. Prior to the acquisition, Nvidia maintained an existing relationship with Hugging Face, which included projects connecting Hugging Face users with Nvidia’s computing resources and software.
Nvidia disclosed the agreement through a Form 8-K filed with the U.S. Securities and Exchange Commission on September 3, 2026. The filing indicates that the acquisition remains under review and highlights the conditions that must be met before the deal can be completed, including regulatory approvals and typical closing provisions. Additionally, Nvidia outlined post-closing commitments, ensuring continued access to models and datasets, multi-cloud support, and compatibility with hardware accelerators from other semiconductor manufacturers.
Regulatory approval remains a prerequisite for the acquisition
Nvidia already offers a substantial collection of AI tools and resources via the Hugging Face platform, with more than 500 models and over 250 open datasets available. The company also supplies software libraries and development tools that users can customize for their own projects. Hugging Face serves a broad range of clients, including corporations, researchers, and independent developers, supporting various stages of AI development such as model discovery, performance evaluation, system customization, and deployment of AI applications.
The completion of Nvidia’s acquisition of Hugging Face depends on fulfilling the necessary conditions and obtaining approvals, with Nvidia expecting the $12.93 billion deal to close during the first half of 2027. Under the terms of the commitments, Hugging Face will maintain support for multiple cloud platforms, frameworks, inference providers, and computing environments. Developers will continue to have access to hardware options beyond Nvidia’s products. Until the transaction is finalized, Nvidia and Hugging Face will operate as independent entities under the terms of their signed agreement.