America, Global AI Technology & Politics

NVIDIA Confirms Its $12.9 Billion Hugging Face Deal

Grace Sharp

September 3, 2026

Takeaways

NVIDIA has signed a definitive agreement to buy Hugging Face for $12.93 billion, ending weeks of speculation.
Of that, roughly $11.9 billion goes to Hugging Face shareholders, with the remainder set aside to keep staff on board.
The deal still needs regulatory clearance and is not expected to close until the first half of 2027.

NVIDIA has made it official. In a company blog post and on X, chief executive Jensen Huang confirmed the chipmaker has signed a definitive agreement to acquire Hugging Face, the model-sharing platform Europe feared losing when the talks first surfaced, for $12.93 billion.

Exciting day for NVIDIA and @huggingface.

Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty. They allow every developer, startup, university, industry and country to build with, customize and benefit from AI.

Thank you…
— Jensen Huang (@JensenHuang) September 3, 2026

An SEC filing breaks the figure into about $11.9 billion for shareholders and a retention pool of up to $1 billion for staff crossing over. The number lands where The Information first reported it in August, though Bloomberg had briefly floated something nearer $14 billion.

For Europe, confirmation settles the what and sharpens the how. Huang pledged that Hugging Face will stay open and that NVIDIA compute will not be required to build or deploy on it. Whether that promise holds through a regulatory review running into 2027 is what the continent’s open-source camp will now be watching.