SANTA CLARA, CALIFORNIA / RankWire.AI / – Nvidia has reached a definitive deal to acquire Hugging Face, with the transaction valued at approximately $12.93 billion. The agreement was signed on September 2, 2026. Nvidia will pay around $11.9 billion to Hugging Face shareholders, subject to standard adjustments. Additionally, the offer includes up to roughly $1 billion in equity-based retention awards for eligible staff. The companies anticipate the transaction will be finalized in the first half of 2027, pending necessary approvals.
Hugging Face manages a prominent platform for AI models, datasets, software libraries, and developer tools. Nvidia reports that over 18 million developers, researchers, and creators utilize the service. The platform hosts more than 3 million models and approximately 500,000 datasets, providing access to over 1 million applications used for AI development. More than 200,000 companies rely on Hugging Face to discover, test, customize, and deploy AI systems across various computing environments.
Post-acquisition, Hugging Face will continue to support multiple models, frameworks, cloud services, and hardware platforms. The platform will remain accessible without Nvidia hardware requirements. The company will persist in supporting open-source and open-weight models from different providers. Its services will also maintain compatibility with multiple cloud providers and accelerator technologies. Nvidia emphasized that the platform will continue to support silicon vendors beyond its own products, in accordance with commitments linked to the deal.
Commitments to Open AI Platform Remain Intact
Hugging Face was founded in 2016 by Clément Delangue, Julien Chaumond, and Thomas Wolf. Since then, the company has expanded into model hosting, datasets, developer libraries, and cloud-based AI tools. In August 2023, Hugging Face achieved a valuation of $4.5 billion after raising $235 million from technology investors. Prior to the acquisition, Nvidia and Hugging Face collaborated on projects connecting developers with Nvidia’s computing infrastructure and software tools.
Nvidia disclosed the acquisition agreement in a Form 8-K submitted to the U.S. Securities and Exchange Commission on September 3, 2026. The filing confirms the deal is still pending and has not yet been finalized. Completion depends on regulatory approvals and customary closing conditions. Nvidia also detailed 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 firms.
Expected Closure in the First Half of 2027
Nvidia already has a significant presence within Hugging Face’s developer 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 can be tailored for AI projects. Hugging Face facilitates model discovery, evaluation, customization, and deployment, serving companies, research institutions, and independent developers working in machine learning, generative AI, and other AI applications.
The $12.93 billion Nvidia deal to acquire Hugging Face will be subject to review until all closing conditions are satisfied. Nvidia anticipates completing the transaction during the first half of 2027. Under the announced commitments, Hugging Face will continue supporting developers across diverse models, cloud platforms, frameworks, and hardware. The platform will also uphold its multi-cloud and multi-accelerator strategy. Until the deal closes, Nvidia and Hugging Face will operate independently under the terms of the signed agreement.