- On September 3, NVIDIA announced a deal to acquire open-source AI platform Hugging Face for approximately $12.9 billion, including an employee retention pool.
- Hugging Face says it will continue operating as an "open platform," letting developers keep their choice of clouds and frameworks after the acquisition.
- The transaction is expected to close in early 2027.
Why it matters: The core distribution hub for models and datasets used by more than 30,000 developers is moving under a leading GPU vendor, raising questions about the neutrality of open-model distribution and ecosystem access going forward.
Deal value
$12.9B