Nvidia is acquiring Hugging Face for almost $13 billion

Nvidia has officially agreed to acquire Hugging Face for $12.93 billion, bringing one of the most popular platforms for open-source AI models and datasets under the tech giant's ownership.

Founded in 2016, Hugging Face has grown into an essential online space where AI developers from around the globe share their projects, datasets, and machine learning tools.

This major multi-billion-dollar acquisition allows the world's leading AI chipmaker to deeply integrate hardware dominance with a thriving open-source software ecosystem.

For developers and tech enthusiasts worldwide, including those in emerging markets relying on open-source AI tools, this transition marks a new chapter in how AI development platforms will be scaled and supported.