NVIDIA has signed a definitive agreement to buy Hugging Face, the widely used hub for open models, datasets, and applications, in a transaction the company values at $12,930,300,000.
In a September 3 blog post, CEO Jensen Huang said NVIDIA will help scale Hugging Face’s platform and infrastructure while expanding access for developers and institutions. The same day, NVIDIA’s Form 8-K detailed the economics: an approximately $11.9 billion purchase price payable to Hugging Face stockholders, subject to adjustments, plus an equity-based retention program of up to about $1.0 billion for employees who join NVIDIA.
The deal is signed, not closed. NVIDIA’s filing says closing is expected in the first half of 2027, contingent on customary conditions including required regulatory approvals. Until then, Hugging Face continues under its current governance and tooling.
NVIDIA also committed in the 8-K to keep Hugging Face’s platform open in line with existing practices—allowing model makers, developers, and users to upload and download models and datasets of their choosing and continuing to support other silicon vendors. Huang’s post echoed that stance, saying NVIDIA compute will not be required to build on or deploy through Hugging Face, and that the hub will keep supporting multi-cloud and multi-accelerator workflows.
Huang framed the acquisition as an investment in open weights and shared infrastructure, noting NVIDIA’s existing contributions of hundreds of models and datasets on the platform. Hugging Face, according to the post, serves more than 18 million developers, hosts more than 3 million models, 500,000 datasets, and 1 million applications, and is used by more than 200,000 companies.
Independent coverage, including the BBC, confirmed the roughly $12.9 billion headline figure and the split between stockholder consideration and retention awards. DigiEditorial will treat further antitrust outcomes and any post-close platform policy changes as separate stories once primary filings or company statements appear.