Nvidia and Hugging Face branding displayed on separate screens in a neutral technology setting.

Did Nvidia buy Hugging Face for $12.93 billion?

Published Sep 4, 2026

Verdict

Misleading

Verification confidenceHigh

Explanation

The claim is misleading if it suggests the transaction has already closed. Nvidia announced on September 3 that it had agreed to acquire Hugging Face for $12.9303 billion.

Nvidia CEO Jensen Huang’s official announcement uses the wording “agreed to acquire.” Reuters and The Verge independently reported the agreement, the price and Nvidia’s stated plan to keep Hugging Face open to models, clouds and computing platforms beyond Nvidia’s own products.

The deal is real, but an acquisition agreement and a completed acquisition are not the same event. Nvidia’s promise that Hugging Face will remain open is also a forward-looking company commitment, not yet a long-term outcome that can be independently verified.

Key takeaway

Nvidia has announced a $12.93 billion agreement to acquire Hugging Face. Treat claims that the purchase is already complete as premature.

Evidence

Nvidia announced an agreement to acquire Hugging Face

Nvidia

Contradicts the claim

Nvidia’s own announcement says it has agreed to acquire Hugging Face for $12,930,300,000; it does not describe the transaction as already completed.

Based on: Nvidia

Independent reporting confirms the agreement and price

Reuters

Supports the claim

Reuters independently confirms the $12.93 billion deal and reports how the payment and employee retention program are structured.

Based on: Reuters

The announcement states an intention to purchase

The Verge

Provides context

The Verge reports that Nvidia publicly declared its intention to purchase Hugging Face and separately notes the promise to preserve platform openness.

Based on: The Verge