Nvidia Acquires Open-Source AI Hub Hugging Face for $12.93 Billion in Landmark Deal

Nvidia has agreed to acquire Hugging Face for $12.93 billion, marking the chip giant's largest outright acquisition to date and the largest venture-backed tech deal in New York City history.
CEO Jensen Huang emphasized that Hugging Face will maintain its multi-cloud, multi-accelerator ecosystem, ensuring that developers are not required to use Nvidia hardware. The platform currently hosts over 3 million models and 500,000 datasets for 18 million developers. By absorbing the foundational repository, Nvidia expands its strategic footprint beyond hardware dominance into the core distribution layer of open-source artificial intelligence.