Nvidia agrees to buy Hugging Face for $11.9 billion

Reuters2026/09/03 12:09

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Nvidia agreed on Sept. 2, 2026 to acquire Hugging Face, an open-source AI model and dataset platform.
Deal value set at about $11.9 billion for Hugging Face stockholders, subject to adjustments.
Equity-based retention program of up to about $1 billion planned for Hugging Face employees joining Nvidia.
Closing targeted for the first half of 2027, pending required regulatory approvals and other customary conditions.
Nvidia committed to keep Hugging Face’s platform open, including support for other silicon vendors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nvidia Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001045810-26-000078), on September 03, 2026, and is solely responsible for the information contained therein.

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Nvidia agrees to buy Hugging Face for $11.9 billion

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