NVIDIA announced its $12.93 billion acquisition of Hugging Face on September 3, 2026, emphasizing commitments to maintaining platform openness and developer freedom. The company explicitly states developers retain choice in models, frameworks, and cloud providers with no requirement for NVIDIA infrastructure. The acquisition preserves support for “open source and open weight models from across the ecosystem” with continued multi-cloud and multi-accelerator capabilities. NVIDIA highlighted its contributions: 500+ open-source models and 250+ datasets released on Hugging Face, positioning itself as “the largest contributor of open models and data” to the platform. The Hugging Face team retains its brand identity and focus on expanding global AI access. Transaction expected to close H1 2027 pending regulatory approval. This consolidation completes NVIDIA’s vertical integration from silicon through data center infrastructure to model marketplace, controlling the entire AI value chain.