Nvidia confirms its $12.9 billion acquisition of Hugging Face
On September 3, 2026, Nvidia officially announced its agreement to acquire Hugging Face, the open-source AI hub where 18 million developers share more than 3 million models and 500,000 datasets. Per press coverage the terms are roughly $11.9 billion to shareholders plus up to $1 billion in retention equity, closing expected in the first half of 2027 pending regulators. Hugging Face CEO Clement Delangue told CNBC he personally approached Jensen Huang over the summer, a year after rejecting a $500 million Nvidia investment to stay independent.
