On September 3, 2026, Nvidia announced a major acquisition, planning to spend $12.93 billion to acquire the well-known AI developer platform Hugging Face (huggingface.co), attracting widespread attention throughout the artificial intelligence industry.
Hugging Face, dubbed the “GitHub of AI,” was officially founded in 2016. The platform hosts over 3 million public models and over 1 million datasets, bringing together a massive number of AI developers and serving as a crucial community hub in the global open-source AI field.
Prior to this acquisition, Nvidia was already an investor in Hugging Face, with tech giants such as Google, Amazon, Intel, and Salesforce also among its shareholders. Looking back at 2023, Hugging Face completed a $235 million funding round, valuing the company at $4.5 billion. Based on the $12.93 billion acquisition price, its valuation has nearly tripled in just three years, demonstrating astonishing growth.
Nvidia has long been known for its powerful computing chips, holding a significant market share in underlying hardware. This acquisition represents Nvidia’s formal expansion into the downstream developer ecosystem, creating a complete supply chain from computing hardware to model development. Nvidia has pledged that Hugging Face will maintain its open platform nature after the acquisition, and will not restrict developers’ freedom to choose computing power and cloud service providers.
This merger also indicates that competition in the global AI industry has shifted from chip competition to a battle for developer ecosystems.
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