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Why it matters: Nvidia is reportedly close to buying Hugging Face for a staggering $12.9 billion. If completed, the transaction would put the main supplier of AI processors in control of the platform that has become one of the most important hubs for sharing open AI models and supporting developer collaboration.
The Information reports that Nvidia has agreed to the purchase, citing one person with knowledge of the agreement. A separate Business Insider report is less definitive, saying the companies held serious talks at a valuation above $13 billion but had not signed an agreement. Neither Nvidia nor Hugging Face has publicly confirmed the reports.
If it does close at the stated price, Hugging Face would become Nvidia's largest completed takeover, surpassing the $7 billion it paid for Mellanox in 2020.
