NVIDIA confirms $12.93 billion acquisition of Hugging Face 🤝 NVIDIA has officially announced an agreement to acquire Hugging Face following reports that emerged in late August. The deal was signed on September 2 and is expected to close in the first half of 2027, subject to regulatory approval. 🌐 Hugging Face currently serves more than 18 million developers, hosts over 3 million models, and is used by more than 200,000 companies, making it one of the largest hubs in the open-source AI ecosystem. 🧩 NVIDIA said Hugging Face will continue supporting multiple models, frameworks, cloud platforms, and chip vendors, while stressing that users will not be required to use NVIDIA compute. ⚖️ The acquisition could expand NVIDIA’s position from AI hardware into model distribution and developer workflows, while antitrust scrutiny and Hugging Face’s ability to remain neutral will be key issues to watch before the deal closes. $NVDA