Nvidia announced on September 3 that it has agreed to acquire open-source AI company Hugging Face for $12.9 billion. ^[1] Nvidia CEO Jensen Huang wrote in a blog post on Thursday that Nvidia had agreed to acquire Hugging Face for $12,930,300,000. ^[2] NVIDIA has agreed to acquire Hugging Face for approximately $12.93 billion, according to The Wall Street Journal. ^[3] Nvidia confirmed today that it has acquired Hugging Face for $12.93 billion. ^[4] The 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] Nvidia 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] The acquisition will bring a platform used by 18 million people, including researchers and developers, under Nvidia's ownership. ^[7] Hugging 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] The 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] Hugging Face serves roughly 18 million developers and 200,000 companies. ^[10] Closing is expected in the first half of 2027, pending regulatory approvals. ^[11] Jensen 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. ^[12]