Nvidia to acquire Hugging Face for $12.9 billion

Nvidia acquisition Hugging Face open-source AI AI ecosystem semiconductor industry

Nvidia has announced an agreement to acquire the artificial intelligence platform Hugging Face for approximately $12.9 billion. The deal, which is expected to close in the first half of 2027, includes roughly $11.9 billion for stockholders and up to $1 billion in equity-based retention awards for employees.

Hugging Face serves as a central hub for the open-source AI ecosystem, hosting over 3 million models, 500,000 datasets, and approximately 1 million applications for more than 18 million developers. Nvidia CEO Jensen Huang stated that Hugging Face will remain an open platform for the entire AI ecosystem, supporting open-source and open-weight models from all developers.

The acquisition is expected to face regulatory scrutiny in Paris and Brussels, with discussions regarding the application of the EU AI Act. While the deal is primarily being negotiated in the United States, Hugging Face has significant European roots, with its founders being French and approximately half of its workforce based in Paris.

This move follows Nvidia's massive expansion in the AI sector, with the company's equity investments in AI firms reaching $99 billion as of July 2026. Additionally, Nvidia has projected approximately 70% revenue growth for fiscal 2028.

Entities

Clement Delangue · Colette Kress · European Union · Hugging Face · Jensen Huang · Nvidia · OpenAI · SpaceX

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] Hugging Face was founded by French nationals and employs approximately half of its staff in Paris. arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com
[● 5 SOURCES] The acquisition price is 13 billion US dollars (approximately 11.2 billion euros). arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com
[● 5 SOURCES] NVIDIA announced its intention to purchase the AI library Hugging Face. arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com
[● 5 SOURCES] NVIDIA is currently the world's most valuable publicly traded company by market capitalization. arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com
[● 5 SOURCES] The acquisition is expected to face scrutiny from competition authorities in Paris and Brussels. arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com
[● 5 SOURCES] Regulators may apply the EU AI Act to the terms of the acquisition. arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com
[● 5 SOURCES] Approximately half of Hugging Face's workforce is based in Paris. arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com
[● 5 SOURCES] Regulators may apply the EU AI Act to the terms of the deal. arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com
[● 7 SOURCES] The acquisition is expected to face scrutiny from competition authorities and regulators in Paris and Brussels. arabic.euronews.com · de.euronews.com · fr.euronews.com · hu.euronews.com · pt.euronews.com · +2 more
[● 4 SOURCES] Nvidia committed to keeping Hugging Face an open platform for the AI ecosystem. dijitaliyidir.com · www.fool.com · wired.jp · tw.stock.yahoo.com
[● 2 SOURCES] Hugging Face hosts over 3 million AI models and 18 million developers. dijitaliyidir.com · www.stl.news
[● 4 SOURCES] The $12.9 billion deal includes $11.9 billion for stockholders and up to $1 billion for employee retention. dijitaliyidir.com · www.stl.news · www.it-business.de · tr.euronews.com