SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached an agreement to acquire Hugging Face in a deal valued at approximately $12.93 billion, with the companies signing the definitive agreement on September 2, 2026. Nvidia will provide around $11.9 billion to Hugging Face shareholders, subject to customary adjustments, along with potential equity-based retention awards totaling up to about $1 billion for eligible employees. The transaction is expected to finalize in the first half of 2027 after receiving all necessary approvals.
Hugging Face operates a prominent platform for artificial intelligence models, datasets, software libraries, and developer tools, boasting over 18 million users including developers, researchers, and creators. The platform hosts more than 3 million models and approximately 500,000 datasets, and provides access to over 1 million applications used in AI development. More than 200,000 enterprises utilize Hugging Face’s services to explore, test, modify, and implement AI systems across various computing environments.
Both companies confirmed that Hugging Face will continue to support multiple models, frameworks, cloud services, and hardware platforms following the acquisition. Users will not be required to use Nvidia hardware to access the platform. The company will persist in supporting open-source and open-weight models from different providers, maintaining compatibility with various cloud environments and hardware accelerators. Nvidia stated that the platform will also continue backing silicon vendors beyond its own products, in line with commitments related to the deal.
Open AI platform commitments stay intact
Founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf, Hugging Face has expanded its offerings to include model hosting, datasets, developer libraries, and cloud-based AI tools. The company’s valuation reached $4.5 billion during a funding round in August 2023, which raised $235 million from technology investors. Prior to the acquisition agreement, Nvidia and Hugging Face collaborated on projects connecting developers with Nvidia’s infrastructure and software tools.
Nvidia filed a Form 8-K with the U.S. Securities and Exchange Commission on September 3, 2026, revealing the acquisition deal, which remains pending and has yet to close. Finalization depends on regulatory approvals and usual 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 providers.
Expected closing in early 2027
Nvidia already maintains a significant presence within Hugging Face’s developer community, with more than 500 models and over 250 open datasets published on the platform. The company also provides software libraries and development tools for AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment, serving corporations, research teams, and independent developers working in machine learning, generative AI, and other artificial intelligence domains.
The $12.93 billion Nvidia acquisition of Hugging Face will remain subject to review until all closing conditions are satisfied, with Nvidia expecting the deal to close in the first half of 2027. Under the announced commitments, Hugging Face will keep supporting developers across diverse models, clouds, frameworks, and platforms, maintaining its multi-cloud and multi-accelerator strategy. Until the transaction completes, Nvidia and Hugging Face will operate as separate entities under the terms of the signed agreement.