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Nvidia’s $12.93 Billion Hugging Face Deal Expands Jensen Huang's AI Platform Beyond Chips

The Motley Fool·
Nvidia’s $12.93 Billion Hugging Face Deal Expands Jensen Huang's AI Platform Beyond Chips

Nvidia announced its acquisition of Hugging Face for $12.93 billion on September 3, 2026. The deal gives Nvidia control of a major open-source AI platform used by 18 million developers and 200,000 companies. While Nvidia pledges the platform will remain open and hardware-agnostic, the acquisition strategically positions Nvidia to influence AI software development decisions and potentially drive demand for its chips, despite the steep valuation relative to Hugging Face's $150 million annual revenue.

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