Nvidia reportedly agrees to buy Hugging Face for $12.9 billion
Nvidia has reportedly agreed to acquire the open-source AI platform Hugging Face for $12.9 billion. This move aims to integrate Nvidia further into the AI software ecosystem by controlling a central hub for model collaboration.
Why it matters
The acquisition signals Nvidia's strategy to dominate the entire AI stack, from hardware chips to the foundational software models used by developers globally.
Nvidia has agreed to buy open-source platform Hugging Face for $12.9 billion, The Information reported , citing a person with knowledge of the deal.
Deal talks began after Hugging Face, an open-source artificial intelligence platform developers use to collaborate, test and share tools, received acquisition interest from another suitor, according to The Information.
Business Insider separately reported that Nvidia had been "in talks" to acquire Hugging Face. The outlet reported last week that Hugging Face has been working with a bank to evaluate bidders' interest in the startup, citing people familiar with the matter.
A source familiar with the matter told CNBC they could "confirm acquisition [by Nvidia] has been part of ongoing and recent talks." They spoke anonymously to discuss details that are not public.
Hugging Face and Nvidia did not immediately respond to a request for comment.
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