Nvidia nears $14 billion Hugging Face deal this week

Bloomberg reported on September 2, 2026 that Nvidia is in advanced talks to acquire open-source AI platform Hugging Face and could reach a final agreement as soon as this week, with a total package worth about $14 billion once a roughly $1 billion employee retention pool is added to the previously reported $12.9 billion price. No final agreement has been signed and the terms or timing could still change, according to the report, which follows weeks of talks first disclosed in late August.