Nvidia, the world's largest artificial intelligence chip manufacturer, announced on September 3, 2026 the acquisition of Hugging Face, the most widely used platform for open-source AI models, for $12.93 billion. The deal, confirmed by The Verge, brings under Nvidia's umbrella the repository widely known as the GitHub of artificial intelligence.
Nvidia was no stranger to Hugging Face: it participated in the 2023 funding round that valued the platform at $4.5 billion, according to The Verge. The repository, founded in 2016, is the central gathering point for open AI development, hosting models, datasets, and tools that researchers and companies across Mexico and the rest of Latin America use as the foundation for their projects, without depending on the closed systems of a handful of corporations. The deal arrives as Mexico already figures on Nvidia's industrial map: according to El CEO, Nvidia's chief executive shared a video alongside Mexico's Secretary of Economy, Marcelo Ebrard, explaining that the company's AI supercomputers are assembled at a Foxconn plant in the greater Guadalajara metropolitan area.
In the announcement, Nvidia CEO Jensen Huang stated that Hugging Face will remain an open platform for the entire AI ecosystem and that Nvidia's computing power will not be required to build or deploy on it. Bloomberg confirmed the deal on the same day. The price, roughly three times the platform's most recent valuation, stands in sharp contrast to Hugging Face's annualized revenues of approximately $150 million, a fraction of what Nvidia is paying, according to figures cited by The Verge. The acquisition comes as OpenAI, Anthropic, and Google, all of which depend on Nvidia chips, move to produce their own, further reinforcing the value of the open ecosystem for the chipmaker.
Hugging Face, which began as a community project in 2016, now sits under the world's largest chipmaker. The developer community across the region, which uses the platform as its gateway to open artificial intelligence, will be watching to see whether the neutrality pledge holds once Nvidia completes the integration.
This article was written with AI assistance from verified sources and reviewed by a human editor before publication.