NVIDIA To Buy Hugging Face For $12.9 Billion

Nvidia will acquire AI platform Hugging Face for $12.9B, with $11.9B in cash and $1B in equity awards. The deal, expected to close by H1 2027, aims to leverage Hugging Face's open-source models for growth, despite some customers developing their own chips. Nvidia CEO Jensen Huang stated the platform hosts over 3M models and 500K datasets. The acquisition may help Nvidia offset potential chip demand slowdowns.

Nvidia agreed to acquire AI platform Hugging Face for $12.9bn, expanding into software. Hugging Face, used by 18M developers, offers AI models and tools. Nvidia will pay $11.9bn to investors and up to $1bn in stock incentives to employees. The deal aims to strengthen Nvidia's AI software presence and access to a large developer community.

Nvidia agreed to acquire Hugging Face for $12.9B, with the deal expected to close by mid-2027. The acquisition includes $11.9B for stockholders and up to $1B in retention awards. Nvidia plans to keep Hugging Face's platform open, allowing free sharing of AI models and datasets. Hugging Face CEO Clément Delangue initiated the deal, citing the need for more resources and scale. Nvidia's CEO Jensen Huang emphasized the benefits of open models for safety and innovation. The acquisition is Nvidia's s

Nvidia is acquiring AI platform Hugging Face for USD 12.93 billion to expand AI access. The deal aims to scale the platform, strengthen infrastructure, and maintain openness. Hugging Face has 18 million users and serves 200,000 companies. Nvidia will continue supporting open-source models and multi-cloud development. The acquisition follows a recent cybersecurity incident involving Hugging Face.

Nvidia (NVDA) agreed to acquire AI company Hugging Face for $12.930 billion. The platform has 18 million users and hosts 3 million models, 500,000 datasets, and 1 million applications. Nvidia CEO Jensen Huang confirmed Hugging Face will remain open to all AI ecosystem participants.

Nvidia plans to acquire Hugging Face for $12.93 billion, aiming to boost chip demand and support open AI models. The deal includes $11.9 billion for investors and up to $1 billion in stock compensation for employees. Nvidia seeks to mitigate potential demand drops from customers developing their own AI chips.