TL;DR
NVIDIA announced on September 3, 2026 that it agreed to acquire the open-source AI model platform Hugging Face for $12,930,300,000 — its second-largest acquisition ever — pledging to keep the platform open.
Event overview
On September 3, 2026, NVIDIA founder and CEO Jensen Huang announced on the official NVIDIA blog that NVIDIA had reached a definitive agreement to acquire Hugging Face, the largest open-source AI model distribution platform, for $12,930,300,000. Hugging Face is used by more than 18 million developers, researchers and creators to share more than 3 million models, 500,000 datasets and 1 million applications; more than 200,000 companies use the platform. NVIDIA committed to keeping Hugging Face an open platform for the entire AI ecosystem, continuing to support open-source and open-weight models and multi-cloud, multi-accelerator deployment, with NVIDIA compute not required to build or deploy through the platform.
Key facts
| Item | Detail |
|---|---|
| Announcement | September 3, 2026, Jensen Huang's official blog |
| Deal value | $12,930,300,000 |
| Platform scale | 18M+ developers; 3M models, 500K datasets, 1M applications |
| Enterprise users | 200,000+ companies |
| NVIDIA pledge | Open platform, multi-cloud, multi-accelerator; NVIDIA compute not required |
| NVIDIA contributions | 500+ models and 250+ open datasets on Hugging Face |
| Deal rank | Second-largest acquisition in NVIDIA history |