NVIDIA, the semiconductor and AI computing large, has agreed to amass Hugging Face, the open-source AI platform and mannequin hub, in a $12.93 billion transaction within the largest tech acquisition in New York Metropolis historical past. “We realized that Hugging Face and open supply AI usually was at a turning level and that it wanted extra assets, extra scale, extra visibility,” remarked Clément Delangue, CEO of Hugging Face. “We went to see Jensen, and we advised him, we need to make open supply AI large. And he advised us, let’s do it.”
“We realized that Hugging Face and open supply AI usually was at a turning level and that it wanted extra assets, extra scale, extra visibility. We went to see Jensen, and we advised him, we need to make open supply AI large. And he advised us, let’s do it.” – Clément Delangue
Based by Clément Delangue, Julien Chaumond, and Thomas Wolf in 2016, Hugging Face had raised a complete of $395.2M in reported fairness funding and is backed by traders that embody Sequoia Capital, Bossa Make investments, SV Angel, Salesforce Ventures, Lux Capital, Coatue, Qualcomm Ventures, Google, Betaworks, NVIDIA, Sound Ventures, Amazon, A.Capital Ventures, Addition, Premji Make investments, Thibaud Elziere, Qualcomm, Olivier Pomel, Intel, Firestreak Ventures, IBM, Thirty 5 Ventures, Terrence Rohan, Kevin Durant, AIX Ventures, Greg Brockman, Charles Zedlewski, Nicolas Steegmann, AMD, Florian Douetteau, Clement Benoit, Cygni Capital, Augusto Marietti, Wealthy Kleiman, Richard Socher, Dev Ittycheria, Paul St. John, Ronny Conway, Alex Wang, and Ludovic Huraux. The platform has grown to serve greater than 18 million builders, researchers, and creators, internet hosting over 3 million fashions, 500,000 datasets, and 1 million purposes. Greater than 200,000 firms use Hugging Face to find, consider, customise, and deploy AI. As a part of the acquisition, all three founders and your complete Hugging Face crew will be a part of NVIDIA, with Delangue confirming the platform will proceed to function as an unbiased, impartial entity inside the mixed group.
NVIDIA CEO Jensen Huang introduced the deal in a weblog publish on September 3, 2026, pledging that Hugging Face will stay multi-cloud and multi-accelerator with no requirement to make use of NVIDIA compute – a essential assurance for the platform’s 18 million builders. Huang was direct concerning the aggressive stakes: with a number of bidders within the operating, NVIDIA moved decisively to safe a platform it views as foundational to the way forward for open AI.
“Open fashions issues significantly to our firm. When he was excited about the following chapter of Hugging Face, it completely must be at Nvidia – and it’s price each single penny.” – Jensen Huang
The $12.93B deal is the most important VC-backed tech acquisition in New York Metropolis historical past, greater than tripling the earlier report set by Jet.com’s $3.3 billion sale to Walmart in 2016. It arrives as competitors over AI infrastructure 0 who controls the tooling, the fashions, and the deployment rails – intensifies throughout the business. NVIDIA, already the dominant provider of AI coaching {hardware}, now provides the world’s most generally used model-sharing and collaboration platform to its portfolio, with Delangue setting an bold goal of reaching 200 million AI builders on Hugging Face within the years forward.
