Nvidia Set to Acquire Hugging Face in Record-Breaking $14B Deal

Nvidia is reportedly set to acquire Hugging Face in a deal valued at nearly $14 billion, according to reports.

The acquisition would be one of Nvidia's largest M&A projects and would make it the highest-value AI acquisition since the start of this year.

Hugging Face, founded in 2016, has grown from an open-source chatbot project to a massive platform hosting over 3 million public AI models, with more than 13 million developers worldwide, and $150 million annualized operating income.

Nvidia's acquisition would give it control of the core entrance of global open-source model distribution, completing its closed loop in the industry chain from computing power hardware to model circulation channels.