NVIDIA Agrees to Acquire Hugging Face for $12.93 Billion
August 28, 2026
NVIDIA has agreed to acquire Hugging Face for approximately $12.93 billion, bringing one of the largest open AI model and developer platforms under the chipmaker. NVIDIA plans to scale Hugging Face’s platform and strengthen infrastructure and global AI access for developers and institutions while keeping Hugging Face open for the broader ecosystem.
- Buyers
- NVIDIA
- Targets
- Hugging Face
- Industry
- AI & Machine Learning
- Location
- United States
- Transaction Type
- Buyout
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