SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has finalized a deal to purchase Hugging Face in a transaction valued at approximately $12.93 billion. The two companies signed the definitive agreement on September 2, 2026, with Nvidia set to pay about $11.9 billion to Hugging Face shareholders, subject to customary adjustments. Additionally, the deal includes up to around $1 billion in equity-based retention awards aimed at eligible employees. The companies anticipate the transaction will conclude in the first half of 2027 once all necessary approvals are secured.
Hugging Face runs a major platform dedicated to artificial intelligence models, datasets, software libraries, and developer tools. Nvidia states that this platform has more than 18 million users, including developers, researchers, and creators. It hosts over 3 million models and approximately 500,000 datasets, and provides access to over 1 million applications for AI development. More than 200,000 companies leverage Hugging Face’s services to discover, test, customize, and deploy AI systems across various computing environments.
Both companies have confirmed that Hugging Face will continue to support multiple models, frameworks, cloud services, and hardware platforms following the acquisition. Developers will not be required to use Nvidia hardware to access the platform. The company will maintain its commitment to open-source and open-weight models from diverse providers, ensuring continued compatibility with multiple cloud environments and accelerator technologies. Nvidia has also stated that the platform will uphold support for silicon vendors beyond its own products, in line with commitments associated with the transaction.
Open AI platform commitments to remain intact
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, and since then, it has expanded its offerings to include model hosting, datasets, developer libraries, and cloud-based AI tools. The company reached a valuation of $4.5 billion during an August 2023 funding round, which raised $235 million from technology investors. Prior to the acquisition, Nvidia and Hugging Face had collaborated through projects that linked developers with Nvidia’s computing infrastructure and software tools.
Nvidia disclosed the agreement in a Form 8-K filed with the U.S. Securities and Exchange Commission on September 3, 2026, confirming that the deal remains pending and has not yet been finalized. Its completion depends on regulatory approvals and standard closing requirements. Nvidia also detailed operational commitments related to Hugging Face after the deal, including ongoing access to models and datasets, multi-cloud support, and compatibility with hardware accelerators produced by other semiconductor companies.
Nvidia aims for completion in early 2027
Nvidia already holds a significant presence within the Hugging Face community, having published more than 500 models and over 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 continues to facilitate model discovery, evaluation, customization, and deployment, serving corporations, research institutions, and independent developers across fields like machine learning, generative AI, and other artificial intelligence applications.
The $12.93 billion Nvidia acquisition of Hugging Face will remain subject to review until all closing conditions are satisfied. Nvidia anticipates the transaction will conclude during the first half of 2027. Under the announced commitments, Hugging Face will keep supporting developers across different models, clouds, frameworks, and platforms. The platform will also continue its multi-cloud and multi-accelerator strategy. Until the deal is finalized, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.