Nvidia to Acquire Hugging Face for Record-Breaking $12.9 Billion

Nvidia is reportedly set to acquire Hugging Face in a deal worth $12.9 billion, according to The Information.

Hugging Face is an open-source AI company that was founded in 2016 and has become a popular platform for developers, with over 13 million users and more than 500,000 public datasets last year.

Nvidia's interest in Hugging Face dates back to its investment in the company's Series D funding round in 2023, which valued Hugging Face at $4.5 billion.

The deal would mark a significant expansion of Nvidia's presence in the AI market and give it access to a large repository of open-source models and datasets.