Nvidia Confirms Acquisition of Hugging Face for $12.9 Billion

3 Sept 2026, 6:12 pm · 9d ago · 1 min read · TechCrunch AI

Amount

$12.9B

Stage

Acquisition

Lead

Nvidia

Semiconductor giant Nvidia has confirmed its acquisition of open-source AI platform Hugging Face in a deal valued at $12.9 billion. Hugging Face serves as a critical infrastructure hub for the global machine learning ecosystem, currently hosting more than 3 million models and catering to over 18 million developers worldwide. The landmark buyout solidifies Nvidia’s dominance across both the hardware and software layers of the artificial intelligence stack. By integrating Hugging Face's expansive open-source repository directly with its proprietary compute platform, Nvidia aims to streamline model deployment and deepen its grip on enterprise AI development workflows globally.