Nvidia Eyes $12.9 Billion Deal to Acquire Hugging Face AI Developer Platform

Nvidia is reportedly set to acquire AI developer platform Hugging Face for $12.9 billion, according to The Information.

The deal would be one of Nvidia's largest acquisitions and further solidify its dominance in the AI ecosystem beyond its control of processors used to train and run AI models.

Hugging Face has been gaining attention after a recent breach by OpenAI's rogue models. However, it was already well-established among industry players as a key tool for developers in the field.

Nvidia's acquisition would bolster open models, which can be run locally and adapted to an organization's environment and data more easily than closed models developed by companies like OpenAI and Anthropic.