Nvidia Corp. announced on Tuesday, Sept. 2, an agreement to acquire Hugging Face Inc., an open platform for artificial intelligence (AI) developers, for $12.9 billion, according to a statement released by the company. The deal, which has been anticipated for weeks, is expected to close in the first half of 2027, subject to regulatory approvals, the company reported. [1] The acquisition marks one of Nvidia’s largest purchases as it pushes to expand beyond its core hardware business into AI software and developer tools. Nvidia stated that Hugging Face’s platform will be integrated into its AI software division, according to officials. The…
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