NVIDIA to Acquire AI Platform Hugging Face for Approximately $11.9 Billion

NVIDIA announced it has entered into a definitive agreement to acquire Hugging Face, Inc., a leading platform and community for open-source AI models, datasets, and applications. The move aims to provide additional resources to Hugging Face and support the open-source developer ecosystem.

Key Details

• Purchase Price: The transaction includes an approximately $11.9 billion purchase price and a $1.0 billion equity-based retention program for Hugging Face employees.
• Expected Timeline: The acquisition is expected to close in the first half of 2027, subject to regulatory approvals and other customary closing conditions.
• Strategic Commitment: NVIDIA has committed to keeping the Hugging Face platform open, allowing developers to continue sharing models and supporting other silicon vendors.