Nvidia announces purchase of AI platform Hugging Face for $12.9 billion
- Posted on September 3, 2026
- By Le Monde
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- 1 min read
In brief
Nvidia's acquisition of Hugging Face for $12.9 billion marks a significant strategic move in the AI landscape. The deal nearly doubles the platform's previous valuation, reflecting growing investor confidence in open-source AI infrastructure. Founded by three French entrepreneurs in 2016, Hugging Face has become a crucial hub for machine learning models and collaborative development. This acquisition signals Nvidia's commitment to supporting cost-effective AI solutions as enterprises increasingly adopt open models to reduce expenses and enhance flexibility in their AI deployments.
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Nvidia announces purchase of AI platform Hugging Face for $12.9 billion
The microchip giant announced Thursday it would acquire the platform, which was founded by three French entrepreneurs in New York in 2016, at a marked increase over the $7 billion reportedly at the basis of initial negotiaions. The announcement comes as companies turn to open AI models to keep costs down.
