Nvidia Confirms $13 Billion Acquisition of Hugging Face
Nvidia (NVDA) has confirmed its acquisition of AI platform Hugging Face for approximately $12.93 billion, marking a significant move into the open-weight and open-source AI space. The deal is expected to close in early 2027 after regulatory approval. With over 18 million users across developers, researchers, and companies globally, Hugging Face will remain an open platform under Nvidia's ownership, supporting both closed and open models. Nvidia CEO Jensen Huang emphasized the importance of open AI for innovation, safety, and global accessibility in a statement on X. The acquisition aligns with Nvidia’s strategy to position itself as more than just a chip supplier but rather as a foundational platform across the entire AI stack. BD8 CEO Barbara Doran noted that while $13 billion is significant, it represents only a small portion of Nvidia's expected free cash flow for fiscal 2027. The market reacted positively to the news, with shares rising nearly 2% in early trading on Thursday.
Tickers: $NVDA
Topics: acquisitions AI Hugging Face Nvidia