Business
Nvidia agrees to $12.9bn acquisition of AI platform Hugging Face
September 6, 2026 at 07:27 AM
Coverage
6 reports · over 78 hours
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Nvidia strikes $12.9bn deal to buy AI platform Hugging Face
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(opens the publisher’s site)Nvidia has agreed to buy AI platform Hugging Face in a deal valued at about $12.9bn, bringing one of the world's largest AI developer communities under the chipmaker's control.
- Nvidia will pay about $11.9bn to Hugging Face investors and offer up to $1bn in stock-based incentives to employees who join the company.
- Hugging Face, backed by investors including Amazon, AMD, and Intel, is used by more than 18 million developers and hosts more than three million AI models.
- Nvidia said Hugging Face will remain open to developers and that users will not be required to use its chips or services.