NVIDIA Announces $13 Billion Acquisition of Hugging Face

NVIDIA announced on September 3, 2026, its acquisition of AI open-source platform Hugging Face for approximately USD 13 billion -- one of NVIDIA's largest acquisitions to date. Under the deal, NVIDIA will pay approximately USD 11.9 billion to Hugging Face investors and provide up to USD 1 billion in equity incentive plans to retain employees. Hugging Face currently hosts over 18 million developers and researchers, with more than 3 million models, 500,000 datasets, and 1 million AI applications on its platform. NVIDIA has committed to maintaining Hugging Face's open platform model, ensuring the platform remains accessible to developers globally. The acquisition is expected to close by Q4 2026, subject to regulatory approvals. Industry analysts view the deal as NVIDIA's strategic move to control the full AI development pipeline -- from GPU hardware and computing infrastructure through to model distribution and open-source ecosystem leadership.