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Home›Global Markets›Europe›Nvidia reportedly agrees to buy Hugging Face for $12.9…

Nvidia reportedly agrees to buy Hugging Face for $12.9 billion

The reported deal price values Hugging Face at $12.9 billion as Nvidia looks to expand further into the broader AI ecosystem, not just chips.

Reported · Written up by our desk · Europe

Nvidia has reportedly agreed to acquire Hugging Face for $12.9 billion, according to a CNBC World story.

The report says the chipmaker is moving deeper into the AI ecosystem by buying an open source AI platform.

The proposed deal would expand Nvidia beyond its core business of AI chips by adding a widely used platform for building and deploying AI models.

No closing timeline or deal details were included in the provided report summary.

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Sources

CNBC WorldNvidia agrees to buy Hugging Face for $12.9 billion, report says

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