Nvidia agrees to buy Hugging Face for $12.9B, report says
The deal gives Nvidia control of a central open-model distribution layer at roughly 86 times Hugging Face's annualized revenue.
By Ryan Merket · Published
Primary source: The Information
Why it matters
Nvidia is buying the distribution layer for open AI, protecting GPU demand as closed labs develop rival chips. The price also tests whether Hugging Face can remain neutral under a hardware owner.
Nvidia has agreed to acquire Hugging Face for $12.9 billion, The Information reported Wednesday, giving Jensen Huang control of the platform where developers publish, find and deploy much of the open AI market's models and datasets.