Nvidia has agreed to acquire the AI platform Hugging Face for nearly $13 billion, a deal that CEO Jensen Huang says will expand access to AI for developers and institutions worldwide.
Nvidia has agreed to acquire Hugging Face for nearly $13 billion, according to CNBC. The reported figure of roughly $12.9 billion marks a significant move by the chipmaker to broaden its footprint in the artificial intelligence sector.
CNBC reported that Hugging Face approached Nvidia CEO Jensen Huang about a potential acquisition just a few weeks before the deal was announced. The timeline, described by the CEO, indicates the transaction came together relatively quickly.
Commenting on the acquisition, Huang said that with Hugging Face, Nvidia will “expand access to AI for developers and institutions worldwide.” The statement frames the deal as part of the company’s broader effort to make AI tools more widely available.
The acquisition connects Nvidia, a leading supplier of the hardware used to train and run AI systems, with Hugging Face, a widely used platform in the AI development community. Together, according to Huang’s stated aim, the pairing is intended to reach a broad base of developers and institutions.
CNBC published its reporting on September 3, 2026, drawing on comments from the CEO about how the deal originated and what Nvidia hopes to achieve. Further terms of the transaction were not detailed in the available reporting.
Why it matters
Nvidia is one of the most influential companies in artificial intelligence, and its purchase of a popular AI development platform signals continued consolidation in the sector. The deal could shape how developers and institutions around the world access AI tools going forward.