Nvidia is said to have agreed to buy open-source collaboration platform Hugging Face for $12.9 billion, according to a report by U.S. publication The Information on Wednesday, citing a person with knowledge of the deal.
A deal of that size would mark one of Nvidia's largest acquisitions to date and underscore how the Jensen Huang-led company at the center of the AI boom is betting that demand for the technology is expanding rather than peaking.
Other news outlets also reported on the deal, flagging the figure of about $13 billion.
It would also give Nvidia control of Hugging Face – which hosts open-source large language models (LLMs) and datasets – at a time when builders of closed-source models such as Anthropic and OpenAI are seeking to create their own chips as an alternative to Nvidia's graphics processing units (GPUs).
The price tag would also stand in steep contrast to its annualized revenue of $150 million reported by The Information earlier this week.
