• Nvidia agreed on Sept. 2, 2026 to acquire Hugging Face, an open-source AI model and dataset platform.
• Deal value set at about $11.9 billion for Hugging Face stockholders, subject to adjustments.
• Equity-based retention program of up to about $1 billion planned for Hugging Face employees joining Nvidia.
• Closing targeted for the first half of 2027, pending required regulatory approvals and other customary conditions.
• Nvidia committed to keep Hugging Face’s platform open, including support for other silicon vendors.

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