Nvidia confirms $13 billion acquisition of open-weight AI platform Hugging Face

Nvidia announced on Thursday that it has finalized its acquisition of the open-weight AI platform Hugging Face for approximately $13 billion. The deal will add Hugging Face to Nvidia's growing list of AI-related acquisitions. Hugging Face, which provides a platform for developers, researchers, and creators to share and use more than 3 million AI models, was used by over 18 million developers and more than 200,000 companies.

Nvidia CEO Jensen Huang emphasized the importance of open models for safety, cybersecurity, innovation, and sovereignty. He stated that the company believes a healthy ecosystem of closed and open models will lead to continued development and scaling of AI models. The acquisition is expected to close in the first half of 2027, pending regulatory approval.

Analysts view the deal as a strategic move by Nvidia to position itself more as an AI platform rather than just a chip supplier, with CEO Huang stating that Nvidia's platform is uniquely suited to help AI ecosystem participants build, optimize, and deploy AI solutions.