NVIDIA Corporation agreed to acquire Hugging Face for approximately $11.9 billion, with up to approximately $1.0 billion in equity-based retention awards for employees joining NVIDIA. The deal would provide additional resources for an open AI platform, while required approvals and possible AI rules could affect timing and expected benefits.

Key Highlights

  • NVIDIA has committed to keeping Hugging Face’s platform open and supporting other silicon vendors.
  • NVIDIA agreed to acquire Hugging Face for approximately $11.9 billion.
  • The NVIDIA-Hugging Face Acquisition is expected to close in 2027, subject to customary conditions.

NVIDIA Corporation (NASDAQ: NVDA) agreed on September 2, 2026, to acquire Hugging Face for approximately $11.9 billion.

NVIDIA has committed to keeping Hugging Face’s platform open in line with its existing practices.

AI Regulation Remains a Stated Risk

NVIDIA identifies government restrictions as a risk to the acquisition’s expected benefits and to the Hugging Face platform. Such measures could restrict available models or datasets, require changes to the platform or its practices, delay or limit offerings, increase compliance costs, or lead to investigations and enforcement actions. Restrictions affecting products and services that support models from any region, including China, could materially affect Hugging Face’s platform and NVIDIA’s business, operating results and financial condition.