Nvidia Acquires Hugging Face for $12.93 Billion
Nvidia Corporation (NASDAQ: NVDA) announced on September 3, 2026, that it will acquire Hugging Face for $12.93 billion. This marks one of the largest AI acquisitions of the year and positions Nvidia to influence the AI model-building process, as Hugging Face serves approximately 18 million developers and 200,000 corporate users.
The acquisition price represents a significant investment, considering Hugging Face’s reported annual revenue of around $150 million, indicating Nvidia is prioritizing long-term influence over immediate profit. The deal aims to extend Nvidia’s reach into AI software while reassuring developers that the platform will remain open source, without a requirement for Nvidia hardware.
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