NVIDIA to Acquire Hugging Face for $12.93 Billion
firstadopter · x · 2026-09-03
NVIDIA CEO Jensen Huang announced that NVIDIA has agreed to acquire Hugging Face for $12.93 billion.
Key facts:
- Hugging Face hosts 3M+ models, 500K datasets, and 1M applications used by over 18 million developers, with 200,000+ companies using the platform to discover, evaluate, and deploy AI.
- NVIDIA pledged the platform will stay open: developers keep free choice of models, frameworks, clouds, and inference providers — NVIDIA compute will not be required.
- Hugging Face will continue supporting open source and open weight models across the ecosystem, with multi-cloud and multi-accelerator development and deployment.
- Huang also cited the recent open letter he coauthored on the importance of open weights to the AI economy.
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