Nvidia has today confirmed its acquisition of open-source AI model repository Hugging Face for $12.93bn, as it makes a big bet on open-source AI models and continues to plough billions into the broader AI ecosystem.
Nvidia CEO Jensen Huang said Nvidia would look to scale Hugging Face’s platform, strengthen its infrastructure, and offer greater access to AI for developers and institutions.
In a blog post, Huang said: “Hugging Face will continue to support open source and open weight models from across the ecosystem, from every model builder. It will continue to support multi-cloud and multi-accelerator development and deployment, so builders can use the hardware and infrastructure that best fit their work.”
The deal is expected to be completed in the first half of 2027.
Huang, who has been a vocal supporter of open source AI models, highlighted that Nvidia had released more than 500 AI models on Hugging Face, which hosts three million models and is used by around 18 million developers.
