NVIDIA agrees to acquire Hugging Face for about $13 billion

NVIDIA has agreed to acquire Hugging Face, the open-source AI model hosting platform, for approximately $12.9 billion in what would rank among the chipmaker's largest acquisitions. The deal aims to give NVIDIA greater visibility into which AI models and architectures are gaining adoption, allowing the company to shape its software stack and infrastructure to capture more workloads onto its hardware. Analysts note the acquisition provides NVIDIA early access to trends in open-source AI models, robotics software, and agent frameworks before demand reaches the chip market, and positions the company to strengthen distribution for its Physical AI technologies.

1. NVIDIA reportedly agreed to acquire Hugging Face for $12.9 billion, according to The Information reported late on August 27, 2026
2. Hugging Face is a central platform where developers publish, rank, fine-tune and deploy AI models
3. The acquisition would give NVIDIA visibility into which models, architectures, and agent frameworks are gaining traction
4. Analyst Neil Shah noted Hugging Face's value in robotics and physical AI as growth areas on the platform
5. Some analysts warned that Hugging Face's value depends on remaining neutral to AI labs and hardware competitors