{ "story_id": "75dde9ed9f4ab3bbfec84ffd755d8e09", "desk": "drm3", "revision": 1, "published_at": "2026-09-04T04:45:01.000Z", "content_hash": "0e15b4fd257a7f2c2ebee0d5266c6b778dc5cc21886e6af968dd14e216a5f558", "hash_basis": "sha256 over `headline\\ndek\\nprose`, plus `\\n` + the canonical citations JSON when any source is placed, plus `\\n#blog` for blogs", "basis": { "headline": "Nvidia Agrees to Acquire Open-Source AI Firm Hugging Face for $12.9 Billion", "dek": "Nvidia announced an agreement to acquire Hugging Face for $12.9 billion to expand its AI ecosystem.", "prose": "Nvidia announced on September 3 that it has agreed to acquire open-source AI company Hugging Face for $12.9 billion. [^1]\n\nNvidia CEO Jensen Huang wrote in a blog post on Thursday that Nvidia had agreed to acquire Hugging Face for $12,930,300,000. [^2]\n\nNVIDIA has agreed to acquire Hugging Face for approximately $12.93 billion, according to The Wall Street Journal. [^3]\n\nNvidia confirmed today that it has acquired Hugging Face for $12.93 billion. [^4]\n\nThe three founders of Hugging Face, Clement Delangue, Julien Chaumond, and Thomas Wolf, are estimated to have a net worth of approximately US$1.8 billion each following the deal. [^5]\n\nNvidia has acquired Hugging Face, a platform utilized by over 18 million developers to share more than 3 million models, 500,000 datasets, and 1 million applications. [^6]\n\nThe acquisition will bring a platform used by 18 million people, including researchers and developers, under Nvidia's ownership. [^7]\n\nHugging Face CEO Clem Delangue said in an X post that the acquisition would allow the companies to scale Hugging Face's platform and strengthen its infrastructure. [^8]\n\nThe deal includes a $11.9 billion purchase price payable to Hugging Face stockholders and an equity retention plan of up to about $1.0 billion for Hugging Face employees joining Nvidia. [^9]\n\nHugging Face serves roughly 18 million developers and 200,000 companies. [^10]\n\nClosing is expected in the first half of 2027, pending regulatory approvals. [^11]\n\nJensen Huang stated that Nvidia would not change Hugging Face's core model and that it would remain an open platform for the entire AI ecosystem. 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