NVIDIA to acquire Hugging Face for $12.93B, pledging to keep the platform open
vanstriendaniel · x · 2026-09-03
Hugging Face co-founder and CEO Clément Delangue announced the company's intention to join NVIDIA in a $12,930,300,000 acquisition. Writing on the 10th anniversary of founding the company, he said open-source AI has reached an inflection point as a complement — and even alternative — to closed-source APIs, but needs more compute, support and visibility to scale, which NVIDIA offered. NVIDIA committed to backing Hugging Face's mission while keeping the platform open, independent and compute agnostic; the founders and team are all staying on.
Related event: NVIDIA Officially Acquires Hugging Face for $12.93 Billion(93 posts)→
More from Venture
- AI app-layer acquisitions are now mostly about founders and customers, not tech — signulll · 2026-10-21
- AI app-layer M&A is now mainly for founder talent or customer relationships — DeepLearningAI · 2026-10-21
- Vanta CEO on the 'boring and complex' playbook, eating AI costs, and 10X comp — soleio · 2026-10-21
- VC investor argues massive funding rounds reflect over-financialized private markets — arian_ghashghai · 2026-10-21
- AI SaaS monetization is cooked: consumers small, enterprises pay $20/month — menhguin · 2026-10-21
- Stanford professor releases 2026 AI Venture Ranking of top 50 VC firms — mmurph · 2026-10-21