- Nvidia agreed to acquire open-weight AI platform Hugging Face for $12.93 billion; the transaction is expected to close in H1 2027 pending regulatory approval.
- Hugging Face serves more than 18 million developers, researchers and creators, hosts more than 3 million models, and is used by more than 200,000 companies to discover and deploy AI.
- Nvidia said Hugging Face will remain an open platform and that the acquisition expands its role in the AI stack beyond supplying chips.
- Nvidia shares rose more than 1% in early trading after the confirmation.
Quotes
“Together, we will scale Hugging Face's platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide”
“Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty”