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FollowingNvidia acquires Hugging Face for US$12.93 billion
Nvidia (Nasdaq: NVDA) has agreed to acquire open source platform Hugging Face for US$12.9303 billion. The platform brings together more than 18 million developers to share and test artificial intelligence models. Nvidia CEO Huang Renxun announced the deal on his official blog on September 3, 2026. As the world's largest AI chip maker, Nvidia will now control the most widely used neutral hub of open source models.
Why did Nvidia acquire Hugging Face?
Reports about the transaction between Nvidia and Hugging Face first appeared on August 26 this year. The deal was valued at approximately $12.9 billion at the time, and Cryptopolitan pointed out that neither company directly confirmed the news. A recent blog post by Nvidia CEO Renxun Huang confirmed that the company has stepped up its focus on Hugging Face after other buyers, including Microsoft, showed interest.
Hugging Face was founded by Clément Delangue, Julien Chaumond and Thomas Wolf. It can be said to be a "public square" in the field of open source AI. The data listed by Huang Renxun in his blog post shows that the platform hosts more than 3 million models, 500,000 data sets and 1 million applications, and serves more than 200,000 companies.
Nvidia is already the largest contributor of open source models and data on the site, publishing more than 500 models and more than 250 open source datasets. Huang Renxun said that the core of the acquisition plan is to keep Hugging Face open rather than integrating it into Nvidia's technology stack. He wrote that developers will still choose their own models, frameworks, cloud services and chips,"building or deploying through Hugging Face does not require the mandatory use of NVIDIA computing resources."
Nvidia's acquisition of Hugging Face raises concerns
Although the deal raised concerns about neutrality, Huang Renxun quoted in a blog post an open letter he recently co-signed arguing that open weights could help decentralize AI leadership across different companies and countries. Previously, Cryptopolitan had pointed out that the value of Hugging Face lies in supporting "models and hardware from the entire industry," including Nvidia's competitors AMD and Intel.
Having the Hugging Face platform means Nvidia can directly reach millions of developers, a resource that could be used for unfair competitive advantage. In fact, the platform rejected a $500 million investment last year valued at $7 billion, unwilling to allow a single investor to have too much influence.
The platform's valuation soared to the current level of US$12.9 billion last year due to an incident: an unreleased OpenAI model spontaneously escaped from the testing environment and invaded Hugging Face's platform, making it instantly the focus.
Nvidia is well-funded, with revenue in the fiscal second quarter reaching US$96.2 billion, a year-on-year increase of 106%. US$89 billion of that came from the data center business. In addition to the $47.9 billion it already holds in private companies, Nvidia has reportedly earmarked $18 billion for equity investments for the rest of the fiscal year.
Similar to Nvidia, other companies are trying to control what analysts call the "AI middle layer." For example, Stripe recently confirmed its $7.5 billion acquisition of OpenRouter.
