Nvidia has agreed to acquire Hugging Face for approximately $12.9 billion, including an $11.9 billion purchase price and up to $1 billion in equity-based retention packages. The platform, which hosts over 3 million models and serves a community of 13 million users, has seen its annualized revenue climb to roughly $150 million. The deal, signed on September 2, 2026, is expected to close in the first half of 2027, pending regulatory approval. This acquisition represents a significant premium over Hugging Face’s $4.5 billion valuation from its 2023 Series D funding round.
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