snappioNvidia agrees to acquire Hugging Face for $12.93 billion
Nvidia’s reported $12.9 billion acquisition of Hugging Face would unite the chipmaker’s AI hardware ecosystem with a major open-model and developer platform. Hugging Face hosts more than three million models, serves over 18 million developers, and is used by more than 200,000 companies. The deal could expand Nvidia’s distribution reach among AI users and companies, while Nvidia says the platform would remain open and hardware-neutral.
At a Glance
Nvidia reportedly agreed to acquire Hugging Face for approximately $12.9 billion to $12.93 billion.
Hugging Face hosts more than three million models and serves over 18 million developers.
More than 200,000 companies use Hugging Face to access open AI models.
The acquisition would combine Nvidia’s AI hardware ecosystem with Hugging Face’s model and developer platform.
Nvidia says Hugging Face would remain open and hardware-neutral after the acquisition.
Key Numbers
- Nvidia agreed to acquire Hugging Face for $12.93 billion, its largest acquisition to date.
- Hugging Face hosts roughly 3 million models, 500,000 datasets, and 1 million apps.
- The platform serves about 18 million developers and 200,000 companies.
- The deal comprises approximately $11.9 billion in purchase price and a stock program of up to $1 billion for employee retention.
- The transaction is expected to close in the first half of 2027, pending regulatory approval.
- Hugging Face reportedly rejected a previous Nvidia offer of $500 million.
- Hugging Face was reportedly generating $150 million in annualized revenue.
- Nvidia announced the deal on September 3, 2026.
Perspectives
The deal’s strategic value centers on expanding Nvidia’s access to AI users and companies.
Supporters view the deal as combining complementary hardware, models, and developer communities.
The acquisition could give Nvidia a powerful distribution channel for its AI infrastructure.
Explore deeper
Explore more about this insight.
- Explore the strategic rationale
- Assess openness and competition
- Connect chips to developers
- Examine potential deal risks
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