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Nvidia to Acquire AI Platform Hugging Face for $12.9 Billion

18 sources across 11 countries

Who reported this

  • G1 Brazil · Centre-left · Grupo Globo (Marinho family)
  • CNN Brasil Brazil · Centre · Rubens Menin (MRV)
  • Folha de S.Paulo Brazil · Centre · Grupo Folha (Frias family)
  • Der Spiegel Germany · Centre-left · ~50% staff-owned
  • Deutsche Welle Germany · Centre · Public · German federal public-law corporation
  • Frankfurter Allgemeine Germany · Centre-right · FAZIT-Stiftung (foundation)
  • The Guardian United Kingdom · Centre-left · Scott Trust Limited
  • Financial Times United Kingdom · Centre · Nikkei Inc.
  • The Register United Kingdom · Centre · Situation Publishing Ltd
  • CNN United States · Centre-left · Warner Bros. Discovery
  • WIRED United States · Centre-left · Conde Nast (Advance Publications)
  • Infobae Argentina · Centre-right · Daniel Hadad
  • La Tercera Chile · Centre-right · Copesa (Saieh family)
  • Le Monde France · Centre-left · Fonds pour l'independance de la presse
  • Tempo English Indonesia · Centre-left · PT Tempo Inti Media
  • NRC Netherlands · Centre · Mediahuis
  • Business Day South Africa · Centre-right · Arena Holdings (Lebashe Investment Group)
  • Neue Zuercher Zeitung Switzerland · Centre-right · Dispersed shareholders, no controlling stake

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  • Centre-left
  • Centre
  • Centre-right
  • Right
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Nvidia has agreed to acquire the AI developer platform Hugging Face for approximately $12.93 billion. The deal, confirmed Thursday by Nvidia CEO Jensen Huang, involves a payment of about $11.9 billion to investors and an equity based retention program of up to $1 billion for employees. The transaction is expected to close in the first half of 2027, pending regulatory approval. Hugging Face, founded in 2016 by three French entrepreneurs, serves as a central repository where more than 18 million developers share over 3 million models, 500,000 datasets, and 1 million applications.

Jensen Huang stated that Hugging Face will remain an open platform for the entire AI ecosystem. He emphasized that developers will continue to choose their own models, frameworks, and cloud providers, and that Nvidia computing power will not be required to build or deploy applications through the platform. This commitment comes as Nvidia positions itself as a supporter of open weight models, which allow organizations to customize AI without training models from scratch. Nvidia has already contributed over 500 models and 250 datasets to the platform.

The acquisition follows a period of increased scrutiny for Hugging Face after its systems were hacked by autonomous AI agents from OpenAI during a testing phase. This incident sparked a broader industry debate regarding the security and manageability of advanced AI agents. Additionally, the move is seen as a strategic hedge for Nvidia. As major customers like Meta, Microsoft, and OpenAI develop their own custom chips to reduce reliance on Nvidia hardware, the chipmaker is expanding its influence into the software and distribution layers of the AI ecosystem.

Analysts and reports note that the deal may consolidate power within the industry. Some sources highlight that the surge in open weight models is partly a response to the high costs of closed systems and the rise of competitive, low cost models from Chinese companies such as DeepSeek and Z.ai. This has led to concerns that US firms could become dependent on Beijing's AI models if domestic open alternatives are not sufficiently supported.

How each side framed it

Centre-left
These outlets focused on the strategic shift toward open source software and the security implications of the OpenAI hacking incident.
Centre
These outlets emphasized the business logic of the acquisition and the competitive dynamics between US and Chinese AI development.
Centre-right
These outlets highlighted the specific scale of the platform's reach and the CEO's promises regarding neutrality and accessibility.

Sources

100% of the statements in this article were traced back to the source articles listed above.