Nvidia Completes $12.93 Billion Purchase of Hugging Face to Expand AI Software Stack

Nvidia completed a $12.93 billion acquisition of Hugging Face, securing ownership of the leading open‑source AI model hub that powers millions of developers worldwide and will integrate the hub with its upcoming AI supercomputing platform.

Hugging Face will continue operating its model‑sharing platform, which hosts tens of thousands of pretrained models and standardizes formats, giving Nvidia immediate access to a vast repository that complements its GPU and AI chip business.

Industry analysts say the deal signals Nvidia’s shift from pure hardware to an integrated AI stack, aiming to capture more software revenue and strengthen its position against rivals in the rapidly expanding generative‑AI market.

Regulators note that the $12.93 billion price tag is among the largest tech deals of the year, raising scrutiny over market concentration as Nvidia gains control over both AI hardware and a key software distribution channel.