Nvidia agrees to buy Hugging Face for $11.9 billion - NVDA News | RalliesNvidia agrees to buy Hugging Face for $11.9 billion
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NVDA• Nvidia to acquire Hugging Face for $11.9 billion
- Nvidia agreed on Sept. 2, 2026 to acquire Hugging Face, an open-source AI model and dataset platform.
- Deal value set at about $11.9 billion for Hugging Face stockholders, subject to adjustments.
- Equity-based retention program of up to about $1 billion planned for Hugging Face employees joining Nvidia.
- Closing targeted for the first half of 2027, pending required regulatory approvals and other customary conditions.
- Nvidia committed to keep Hugging Face’s platform open, including support for other silicon vendors.
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