Nvidia 8-K, filed Sep 3, 2026

Summary

Nvidia entered a definitive agreement on September 2, 2026 to acquire Hugging Face for approximately $11.9 billion, plus up to about $1.0 billion in retention equity for Hugging Face employees joining Nvidia. The transaction is expected to close in the first half of 2027 subject to regulatory approvals, and Nvidia said it committed to keeping Hugging Face's platform open and to supporting other silicon vendors.

Key points

• The purchase price is approximately $11.9 billion payable to Hugging Face stockholders, subject to adjustments, plus an equity-based retention program of up to about $1.0 billion for Hugging Face employees joining Nvidia.
• The deal is expected to close in the first half of 2027, subject to customary closing conditions including required regulatory approvals.
• Nvidia committed to keep Hugging Face's platform open, allowing model makers, developers, and users to upload and download models and datasets of their choosing and to continue supporting other silicon vendors.
• Nvidia flagged risk that government restrictions on AI models, including open-source models, could affect the Hugging Face platform and its business, noting many popular open-source models originate in China.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.