Hugging Face approached Nvidia’s Huang weeks ahead of $12.9B acquisition, CEO tells CNBC
Published Thu, Sep 3 2026 8:04 AM EDT
Updated Thu, Sep 3 2026 12:43 PM EDT
Ari Levy
@levynews
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Nvidia agreed to buy Hugging Face, an open-source AI platform, for $12.9 billion.
Jensen Huang, Nvidia's CEO, said in a blog post that with the deal, the company "will expand access to AI for developers and institutions worldwide."
It's Nvidia's second-biggest purchase, after it paid $20 billion for Groq assets at the end of last year.
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Nvidia has officially agreed to buy open-source artificial intelligence platform Hugging Face for $12.9 billion, as the chipmaker moves beyond hardware and further up the AI stack.
With the deal, which has been expected since The Information reported on it last week, Hugging Face will "remain an open platform for the entire AI ecosystem," Nvidia CEO Jensen Huang wrote in a blog post Thursday.
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