Nvidia closes deal to own Hugging Face for $12.93 billion

Nvidia (NASDAQ: NVDA) has agreed to buy Hugging Face, the open-source platform where more than 18 million developers share and test AI models, for $12,930,300,000.

The company’s CEO Jensen Huang announced the deal on its blog on September 3, 2026. Nvidia, which is the world’s largest AI chipmaker, will now control the most-used neutral hub for open models.

Why did Nvidia buy Hugging Face?

Reports about Nvidia’s deal with Hugging Face first surfaced on August 26 this year. The deal was priced at roughly $12.9 billion, and Cryptopolitan noted at the time that neither company directly confirmed it.

Nvidia CEO Jensen Huang’s recent blog post confirms that the company intensified its interest in Hugging Face after other buyers, allegedly including Microsoft, became interested.

Hugging Face, built by Clément Delangue, Julien Chaumond and Thomas Wolf, is the closest thing open-source AI has to a town square. Huang’s post put the numbers at more than 3 million models, 500,000 datasets and 1 million applications, hosted for over 200,000 companies.

… Continue reading the full article at the original source below.