Nvidia to Acquire AI Developer Platform Hugging Face for $12.93 Billion

Nvidia has agreed to acquire Hugging Face, a prominent artificial intelligence developer platform, for $12.93 billion. This acquisition is expected to significantly expand the chipmaker's presence in the ecosystem for open models, datasets, and AI applications. Nvidia CEO Jensen Huang announced the transaction on September 3, with the news being widely reported on September 4, 2026.