Nvidia reportedly buys AI platform Hugging Face for $13 billion amid global AI race

Nvidia has officially acquired AI platform Hugging Face for approximately $12.93 billion, a move announced on September 3, 2026. This significant transaction positions Nvidia more firmly within the rapidly expanding artificial intelligence sector and the growing landscape of global AI hubs. The deal, which ranks among Nvidia's largest acquisitions, aims to bolster its presence in the open-source AI ecosystem.

Under the terms of the acquisition, Nvidia CEO Jensen Huang has committed to maintaining Hugging Face as an open platform. This means the platform will continue to support diverse open-source and open-weight models, frameworks, cloud services, and computing platforms, without mandating the use of Nvidia's own hardware. Hugging Face currently serves over 18 million developers and 200,000 companies, hosting millions of models, datasets, and applications.

This strategic acquisition is expected to scale Hugging Face's platform and strengthen its infrastructure, expanding access to AI for developers and institutions worldwide. While financially considered immaterial to Nvidia's near-term results, the acquisition is seen as a strategic move to reinforce Nvidia's position in the open-source community and further popularize AI development by providing direct access to a key platform for collaboration, testing, and sharing AI tools.