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Nvidia reportedly agrees to buy Hugging Face for $12.9 billion
The reported deal would give Nvidia control of the open-source AI platform Hugging Face, which hosts millions of models and datasets for developers.
Nvidia is reportedly in talks to acquire Hugging Face for $12.9 billion, a move described as one of the chipmaker’s largest acquisitions, according to Yahoo Finance citing The Information.
The rationale goes beyond adding another AI company, as Hugging Face is a key platform for open-source AI development and deployment, with millions of models and datasets used by developers.
Owning the platform could strengthen Nvidia’s position at the software and developer layer of AI, which the report links to potential reinforcement of demand for Nvidia GPUs and its CUDA ecosystem.
The reported acquisition also comes as Nvidia maintains momentum from its AI growth story, with the outlet pointing to recent quarterly performance and an outlook that calls for continued AI-driven expansion.