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- Sep 3, 202690% CONFIDENCEfrom the source
NVIDIA Agrees to Acquire Hugging Face for $12.9 Billion
- NVIDIA has agreed to acquire Hugging Face for $12,930,300,000, Jensen Huang announced in a post on 3 September 2026[1]
- NVIDIA's 8-K says it signed the definitive agreement on 2 September: about $11.9 billion is payable to Hugging Face stockholders, subject to adjustments, plus an equity retention program of up to about $1.0 billion for employees joining NVIDIA[2]
- The deal is expected to close in the first half of 2027, subject to customary closing conditions including required regulatory approvals[2][5]
- More than 18 million developers, researchers and creators use Hugging Face to share over 3 million models, 500,000 datasets and 1 million applications, and more than 200,000 companies use the platform[1]
- Huang says Hugging Face will remain an open platform: NVIDIA compute will not be required to build on or deploy through it, and it will keep supporting multi-cloud and multi-accelerator development[1]; the filing commits NVIDIA to let users upload and download models of their choosing and to support other silicon vendors[2]
- NVIDIA calls itself the largest contributor of open models and data to Hugging Face, with more than 500 models and 250 open datasets released there[1]
- Hugging Face CEO Clément Delangue told CNBC he approached Huang over the summer and the talks went fast; it is NVIDIA's second-biggest deal after the $20 billion purchase of Groq assets[3]
- Hugging Face was founded in 2016 and had raised over $395 million, most recently a $235 million round in 2023 led by Salesforce Ventures with NVIDIA among the investors[4]
- The Information first reported the agreement a week earlier, saying talks began after Hugging Face received interest from another suitor[6]
References 686% CONFIDENCE
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- [1]90%blogs.nvidia.com/blog/nvidia-to-acquire-hugging-faceblogs.nvidia.com· Posted Sep 23, 2026· Starts Sep 3, 2026 ✓· 18% of score
Jensen Huang's post "NVIDIA to Acquire Hugging Face" is dated September 3, 2026 and timestamped 2026-09-03T11:56:49Z ("I'm excited to announce that NVIDIA has agreed to acquire Hugging Face"); NVIDIA's 8-K says the definitive agreement itself was signed on September 2, 2026.
- [2]95%NVIDIA Corporation Form 8-K, Item 8.01: definitive agreement to acquire Hugging Face (filed September 3, 2026)sec.gov· Published Sep 3, 2026· 17% of score
NVIDIA's[1] own filing: on September 2, 2026 it entered a definitive agreement to acquire Hugging Face, Inc., with an approximately $11.9 billion purchase price payable to stockholders plus an equity retention program of up to approximately $1.0 billion, closing expected in the first half of 2027 subject to regulatory approvals, and a commitment to keep the platform open to other silicon vendors.
- [3]88%Hugging Face approached Nvidia's Huang weeks ahead of $12.9B acquisition, CEO tells CNBCcnbc.com· Published Sep 3, 2026· 17% of score
Same-day CNBC[6] report with interviews of Jensen Huang and Clément Delangue on Squawk Box: Delangue approached Huang over the summer and talks moved fast; NVIDIA's[1] second-biggest deal after the $20 billion Groq asset purchase and ahead of Mellanox.
- [4]85%Nvidia confirms it will buy Hugging Face for $12.9 billion (TechCrunch)techcrunch.com· Published Sep 3, 2026· 17% of score
Independent coverage of the confirmation: $12.93 billion, platform scale, Huang's open-platform pledge, and Hugging Face's funding history (over $395 million raised, a $235 million 2023 round that included Nvidia[1]).
- [5]82%Nvidia buys Hugging Face for $12.9B, promises not to squeeze too hard (The Register)theregister.com· Published Sep 3, 2026· 17% of score
Independent trade coverage of the announcement and its terms; repeats that the transaction is expected to close in the first half of 2027, subject to regulatory approval.[1]
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