Nvidia Reportedly Agrees to Buy Hugging Face for $12.9 Billion
Quick Reads
- Nvidia has reportedly agreed to buy Hugging Face for $12.9 billion.
- The deal was first reported by The Information.
- Hugging Face is a major platform for sharing AI models and datasets.
- The acquisition could be one of Nvidia’s biggest deals.
- Neither company had publicly confirmed the transaction at the time of the reports.
Nvidia has reportedly agreed to acquire AI platform Hugging Face for $12.9 billion, according to The Information, in a deal that could significantly expand the chip giant’s influence across the artificial intelligence ecosystem.
Hugging Face widely known as a major platform where developers and companies can discover, share and build AI models, datasets and other machine-learning tools. The platform has become an important part of the open-source AI community.
According to the report, the acquisition would give Nvidia control of a strategic platform at a time when competition between open and closed AI models is intensifying. Nvidia has already invested in Hugging Face and has been expanding its presence across AI infrastructure, software and model development.
The reported $12.9 billion price tag would represent a major increase from Hugging Face’s previous valuation of $4.5 billion in 2023.
However, the deal should still be treated as reported rather than officially confirmed. Other reports indicated that negotiations were ongoing and that no final agreement had been publicly announced.
If completed, the acquisition could strengthen Nvidia’s position beyond AI chips by bringing one of the world’s most important AI developer platforms under its ownership.
