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The deal would give the chipmaker a foothold in one of the most widely used platforms for sharing open-source AI models

Ying Tang/NurPhoto via Getty Images

Nvidia $NVDA has agreed to acquire Hugging Face for $12.9 billion, according to CNBC, citing a report from The Information. Neither Nvidia nor Hugging Face responded to requests for comment.

Hugging Face is an open-source hub where developers can build, experiment with, and distribute AI models and tools. Buying it would extend Nvidia's reach beyond AI chips into the software and model ecosystem. Deal talks began after Hugging Face received acquisition interest from another suitor, according to CNBC.