September 3, 2026

Nvidia agrees to acquire Hugging Face for roughly $13B

Nvidia announced an agreement to buy Hugging Face, the platform hosting more than three million open-weight models and serving as the de facto distribution layer for open AI. It is Nvidia's largest outright acquisition; CEO Clement Delangue said he approached Jensen Huang over the summer, less than a year after Hugging Face turned down a reported $500M Nvidia investment at a $7B valuation. The chip vendor now owns the silicon and the model distribution layer.