NVIDIA to acquire Hugging Face in $12.93 billion deal
NVIDIA announced it will purchase AI model hub Hugging Face for $12.93 billion, aiming to combine its hardware dominance with open-source software.
NVIDIA disclosed a $12.93 billion agreement to acquire Hugging Face, confirming rumors that had circulated for several weeks. Jensen Huang, NVIDIA’s chief executive, said the purchase will strengthen the company’s position across the AI stack, pairing its leading GPUs with the widely used open-source model repository. Hugging Face’s platform, essential for developers to discover, share and evaluate AI models, has become a central hub for the generative AI surge that began in 2022.
The deal follows NVIDIA’s earlier investment in the startup and comes after other tech giants showed interest. Should the transaction close, NVIDIA would dominate both AI hardware and a major open-source software ecosystem, a development analysts believe could shape competition with proprietary models from OpenAI, Anthropic and Google. Hugging Face CEO Clément Delangue recently highlighted China’s rapid progress in AI through its embrace of open models.
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Why it matters
The merger could give NVIDIA control over key AI software, reshaping competition in the fast-growing generative-AI market.
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