Nvidia to Acquire AI Platform Hugging Face for $12.9 Billion

In early September 2026, U.S. chipmaker Nvidia announced it will buy Hugging Face, a popular AI platform, for about $12.9 billion. The deal is part of Nvidia's broader push to expand its presence in the artificial intelligence market. Hugging Face, based in France, is known for hosting open-source AI models and tools used by developers worldwide. The acquisition is expected to give Nvidia a stronger foothold in AI software and community-driven development.

According to reports, Hugging Face's founders will each become billionaires from the deal, with an estimated net worth of $1.8 billion. Nvidia has been on an AI spending spree, and this acquisition follows reports that it is also in talks to invest around $2.5 billion in Thinking Machines Lab, a startup led by Mira Murati, who previously worked at OpenAI. These moves highlight Nvidia's aggressive expansion beyond its core chip business into AI platforms and research.