Nvidia Agrees to Buy Hugging Face for $12.9 Billion

Nvidia has agreed to acquire AI developer platform Hugging Face in a $12.9 billion deal. The acquisition gives Nvidia control of a leading open-source AI platform and developer community, with reports noting the company is betting that support for open AI models could help offset any slowdown in demand for its chips.

Coverage from 3 publishers 3 source reports

BBCNYTGuardian

Nvidia Buys Hugging Face in $12.9 Billion Deal

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The acquisition of the start-up is an indication of Nvidia’s growing role as Silicon Valley’s central banker and its emphasis on open-source technology.

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Source reports

BBC Published 3 September 2026

Nvidia strikes $12.9bn deal to buy AI platform Hugging Face

NYT Published 3 September 2026

Nvidia Buys Hugging Face in $12.9 Billion Deal

The acquisition of the start-up is an indication of Nvidia’s growing role as Silicon Valley’s central banker and its emphasis on open-source technology.

Guardian Published 3 September 2026

Nvidia to buy developer platform Hugging Face in $12.9bn deal

Semi-conductor giant bets that support for open AI models could offset potential slowdown in demand for chips Nvidia will buy the popular developer platform Hugging Face for nearly $13bn, betting that support for ⁠open AI models could offset a potential slowdown in demand for the semiconductor giant’s chips. Shares ⁠in Nvidia were ⁠slightly lower after the $12.93bn (£9.57bn) deal – which ranks among its biggest eve…

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