Nvidia to acquire Hugging Face for $12.9 billion in AI deal

Nvidia has reportedly agreed to buy the open‑source AI model repository Hugging Face for $12.9 billion according to The Information. This deal would mark one of Nvidia’s biggest acquisitions to date and also underscores CEO Jensen Huang’s bet that demand for AI technology is still expanding rather than peaking. For those unaware, Hugging Face hosts open‑source large language models and datasets, giving Nvidia a powerful position at a time when rivals like Anthropic and OpenAI are exploring their own chip alternatives to Nvidia’s GPUs. The reported price tag stands in sharp contrast to Hugging Face’s annualised revenue of $150 million.