On September 2, 2026, NVIDIA Corporation entered into a definitive agreement to acquire Hugging Face, Inc., an open-source AI model platform and community, for approximately $11.9 billion in cash subject to adjustments. The transaction includes an equity-based retention program of up to $1.0 billion for Hugging Face employees joining NVIDIA. Closing is expected in the first half of 2027, contingent on customary conditions including regulatory approvals. NVIDIA committed to keeping the platform open and supporting other silicon vendors. This acquisition significantly expands NVIDIA's software ecosystem and developer community within the artificial intelligence hardware and software industry.
