Nvidia Signs Definitive $12.9B Deal to Acquire Hugging Face, Closes H1 2027

Nvidia filed an 8-K on September 2 confirming a $11.9B cash purchase of Hugging Face plus a ~$1B equity-retention pool for joining employees, expected to close in H1 2027 subject to regulatory review. CEO Clement Delangue told CNBC that Hugging Face approached Jensen Huang over the summer because open-source AI 'needed more resources, more scale, more visibility'; Nvidia pledged to keep the hub open to competing silicon. The deal is Nvidia's second-largest ever after the $20B Groq asset buy and values a firm at roughly $150M annualized revenue.