Nvidia Dives Deeper into AI with Hugging Face Acquisition

Nvidia has agreed to acquire Hugging Face in a deal valued at about $12.9 billion, expected to close in the first half of 2027.

This acquisition is nearly twice as large as Nvidia's largest previous deal, the purchase of Mellanox for $7 billion in 2019.

Mellanox was a data center networking specialist that generated $1.33 billion in revenue and $205 million in net income in its last full year as a standalone company.

Nvidia's acquisition of Hugging Face is significant because the platform has over 18 million developers, researchers, and creators using it to share more than 3 million models and 500,000 datasets.