Jensen's purchase of a new toy could reshape the entire AI industry
In September 2026, it was announced that Hugging Face would be acquired for approximately 13 billion US dollars, with the transaction expected to be completed next year.
In September 2026, Nvidia announced its acquisition of the open-source AI model platform Hugging Face for approximately $13 billion (some reports mention $12.9 billion). The transaction is expected to be completed next year after meeting regulatory requirements. As a core resource for the machine learning community, Hugging Face has around 80 million users and provides model repositories, documentation, and development tools. Nvidia stated that it would adopt a “non-interference” strategy, allowing Hugging Face to maintain its existing operating model, and committed to investing funds to support its long-term goal of increasing the number of developers to 100 million. Although industry concerns about this acquisition potentially weakening the platform’s neutrality and raising antitrust concerns were expressed, both parties emphasized that the move was aimed at accelerating the dissemination and application of open models through resource injections.
In September 2026, it was announced that Hugging Face would be acquired for approximately 13 billion US dollars, with the transaction expected to be completed next year.
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2026-09-03
Nvidia announced the acquisition of Hugging Face
Acquisition worth 12.9 billion or 13 billion US dollars, expected to be completed next year. Hugging Face was established in 2016 and provides model repositories and development tools.
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2026-09-07
Nvidia announced the acquisition of Hugging Face
Acquisition worth 12.9 billion US dollars, expected to be completed next year. A non-interference strategy was adopted, allowing the existing operating model to remain unchanged. It has approximately 80 million users.
Nvidia has agreed to acquire the AI model platform Hugging Face for $13 billion. This is Nvidia’s second attempt at acquiring Hugging Face, after refusing the offer valued at $7 billion in 2023. Hugging Face serves as a repository for millions of models and datasets and has become a champion of “open AI” systems. Nvidia says that the acquisition aims to accelerate the spread of open models through its financial strength. Unlike the proprietary models of laboratories such as OpenAI and Anthropic, the designs of open weight models are public; users can download, customize, and run them.
Nvidia acquired the AI model hosting platform Hugging Face for $12.9 billion. The transaction is expected to be completed next year after meeting regulatory requirements. Both parties agreed that Nvidia will adopt a “non-intervention” strategy, allowing Hugging Face to continue its existing operating model. As a hub for open-source AI models, Hugging Face currently has approximately 80 million users. Its CEO, Clement, said that this acquisition aims to provide more resources to support Hugging Face’s ambition to increase the number of developers to 100 million within the next few years. Despite concerns in the market about Nvidia’s potential to influence industry trends as a strong competitor, both parties emphasized that this move will provide Hugging Face with more resources to advance its mission.