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Nvidia to acquire AI platform Hugging Face for $12.93 billion
Nvidia has announced an agreement to acquire the open-source AI platform Hugging Face for approximately $12.93 billion. The deal is structured to include roughly $11.9 billion for stockholders and up to $1 billion in equity-based retention awards for employees. The transaction is expected to close in the first half of 2027, pending regulatory approvals.
Nvidia CEO Jensen Huang emphasized that Hugging Face will remain an open platform for the entire AI ecosystem. He stated that developers will not be required to use Nvidia computing hardware to build or deploy models on the platform, allowing for continued choice in models, frameworks, and cloud providers. Hugging Face CEO Clément Delangue confirmed that the company's three founders and the entire team will join Nvidia.
The acquisition positions Nvidia at the center of the open-source AI movement, providing direct access to a platform that hosts over 3 million AI models, 500,000 datasets, and 1 million applications. This move is seen as a strategic effort to diversify Nvidia's influence beyond hardware and to compete with proprietary AI developers like OpenAI and Anthropic by supporting more cost-effective, open-weight alternatives.
Entities
Clement Delangue · Hugging Face · Jensen Huang · Julien Chaumond · Nvidia · OpenAI
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 32 SOURCES] More than 200,000 enterprises utilize the Hugging Face ecosystem. nemosnewsnetwork.com · vinnews.com · abc30.com · ensegundos.do · www.correiodamanhacanada.com · +20 more
- [○ 1 SOURCE] Nvidia previously held a minority stake in Hugging Face.
- [DISPUTED] The platform hosts over 3 million AI models and 500,000 datasets. nemosnewsnetwork.com · vinnews.com · abc30.com · ensegundos.do · dev.tnonline.com.br · +21 more
- [● 47 SOURCES] The acquisition price is approximately $12.93 billion. nemosnewsnetwork.com · vinnews.com · www.nrc.nl · abc30.com · ensegundos.do · +29 more
- [DISPUTED] Hugging Face hosts more than 18 million developers, researchers, and creators. nemosnewsnetwork.com · vinnews.com · abc30.com · ensegundos.do · journalducoin.com · +23 more
- [DISPUTED] Nvidia has agreed to acquire the open-source AI platform Hugging Face. nemosnewsnetwork.com · www.nrc.nl · abc30.com · www.reporter.gr · journalducoin.com · +34 more
- [● 39 SOURCES] Hugging Face will continue to operate as an open platform for the AI ecosystem. nemosnewsnetwork.com · vinnews.com · www.nrc.nl · abc30.com · ensegundos.do · +22 more
- [● 36 SOURCES] Using Nvidia computing hardware will not be mandatory to build or deploy models on Hugging Face. nemosnewsnetwork.com · vinnews.com · ensegundos.do · www.reporter.gr · dev.tnonline.com.br · +21 more
- [● 15 SOURCES] The deal includes approximately $11.9 billion for stockholders and up to $1 billion for employee retention. nemosnewsnetwork.com · journalducoin.com · www.agendadigitale.eu · www.actualidadecommerce.com · cybernoz.com · +9 more
- [● 18 SOURCES] The acquisition price is approximately 12.93 billion dollars. www.tokenpost.kr · www.kapitalmarktexperten.de · eloutput.com · tecnologia-informatica.com · elmonterizo.com · +10 more
- [● 10 SOURCES] Hugging Face hosts over 3 million AI models, 500,000 datasets, and 1 million applications. elmonterizo.com · www.tokenpost.kr · eloutput.com · tecnologia-informatica.com · www.finanzen.at · +2 more
- [● 10 SOURCES] The platform has more than 18 million developers and 200,000 companies using its services. elmonterizo.com · www.tokenpost.kr · eloutput.com · tecnologia-informatica.com · www.finanzen.at · +1 more