NVIDIA announced a definitive agreement to acquire open-source AI platform Hugging Face for approximately $12.93 billion. Both companies emphasized that Hugging Face will remain an open, vendor-neutral ecosystem supporting all hardware architectures and frameworks, with closing anticipated in H1 2027.

Key Takeaways

  • ✓Acquisition valued at $12.93B ($11.9B for shareholders, $1.0B employee equity retention program)
  • ✓NVIDIA pledges open neutrality and multi-vendor hardware support without requiring NVIDIA compute
  • ✓Deepens compute giant integration with global open-source developer, model, and dataset ecosystems
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