Nvidia Acquires AI Platform Hugging Face for Billions
Nvidia Acquires AI Platform Hugging Face for Billions
Updated at: September 8, 2026 at 04:15 AM
On September 8, 2026, the technology landscape changed as Nvidia officially announced its acquisition of Hugging Face, the world's most prominent open-source AI platform.
The deal, valued at approximately $12.93 billion, is expected to close in the first half of 2027.
This move represents a massive valuation jump from the platform's $4.5 billion estimate in 2023, underscoring its vital role in the AI industry.
Hugging Face currently serves over 18 million developers and hosts millions of models and datasets, acting as a central hub for the global AI community.
Both companies have been quick to reassure the public that the platform will remain independent and open.
Nvidia’s CEO, Jensen Huang, confirmed that Hugging Face will continue to support diverse frameworks and cloud providers, explicitly noting that Nvidia hardware is not required to use the service.
By bringing this 'distribution layer' into its ecosystem, Nvidia secures its influence over how AI is built and deployed.
This acquisition is seen as a strategic hedge in an evolving market where major tech players are increasingly developing their own custom AI hardware.
