Nvidia confirmed on 3 September that it is acquiring Hugging Face for $12,930,300,000. Jensen Huang committed to keeping the platform open and said building on it will not require Nvidia hardware. A week earlier the deal had still not been signed.
Key takeaways
- Price $12,930,300,000 — quoted to the dollar in Nvidia's announcement
- Platform: over 18M developers, 3M models, 500,000 datasets, a million applications, 200,000 companies
- The Hugging Face brand stays, and Nvidia hardware will not be required to build or deploy
- Annualised revenue around $150M as of August 2026
- Neither source gives a closing date or the status of antitrust clearance
What Nvidia bought for $12.93 billion
Hugging Face sells neither chips nor frontier models — it sells access. Nvidia says it has contributed more than 500 models and 250 datasets of its own to the platform. Against roughly $150 million in annual revenue, the price works out at about 86 times annual revenue.
| Asset | Scale |
|---|---|
| Developers, researchers and creators | over 18M |
| Models in the repository | over 3M |
| Datasets | over 500,000 |
| Applications | over 1M |
| Companies using the platform | over 200,000 |
| Annual revenue | around $150M |
Huang's four commitments
Nvidia pledges to keep the brand, support open source and open weight models, maintain multi-cloud work across different accelerators, and preserve freedom to choose models, frameworks and inference?Inference: The stage where a finished model answers queries, as opposed to training. This is where running costs accumulate and where the choice of hardware matters most. providers.
Hugging Face will remain an open platform for the entire AI ecosystem.
Jensen Huang, chief executive of Nvidia.
The strongest line in the announcement is elsewhere: Nvidia compute will not be required. Clem Delangue explains the sale as a need for more compute, support, collaboration and visibility.
What the announcement leaves out
Neither Nvidia's post nor TechCrunch's report gives a closing date, mentions regulatory clearance, or specifies how the openness commitments would be enforced after the takeover. There is also nothing on platform governance or on whether Delangue stays.
Why it matters
Repository neutrality is not decided by press releases but by daily choices: which formats are the default, which integrations work best, in what order models surface. Those are internal decisions, invisible from outside and entirely in the new owner's hands.
What's next
- A deal this size is subject to antitrust clearance in the US and EU — neither source says whether filings have been made
- Nvidia says it will work on platform reliability, safety, model evaluation, inference and deployment
Sources
- NVIDIA Blog — NVIDIA to Acquire Hugging Face
- TechCrunch — Nvidia confirms it will buy Hugging Face for $12.9 billion
