Nvidia Eyes Record-Breaking Acquisition of Hugging Face

Nvidia is in talks to acquire Hugging Face, a leading provider of artificial intelligence and machine learning tools, for over $13 billion.

The news was broken by Bull Theory, an institutional-grade cryptocurrency research firm that delivers market intelligence and analysis to sophisticated investors.

Hugging Face's technology is used to power many of the world's largest AI models, including those developed by Google and Microsoft. The acquisition would be one of Nvidia's largest deals to date, surpassing its $40 billion acquisition of Arm Holdings in 2021.