#Nvidia agreed to acquire Hugging Face for US$12.930 million, expanding its reach into the software and tools that developers use to create artificial intelligence. The transaction is expected to be formally completed in the first half of 2027, subject to regulatory approvals. Hugging Face operates as the reference hub for the global AI community. It hosts more than 18 million users, 3 million models, 500,000 datasets, and 1 million applications.

Although Nvidia dominates AI acceleration chips, control over the software distribution platform gives it direct access to the infrastructure where developers test, fine-tune, and deploy models.$NVDAB