The chipmaker agreed to pay $11.9 billion to Hugging Face stockholders, plus up to $1 billion in retention awards for employees who join Nvidia

It was already rumored, but now we know.

Nvidia agrees to acquire Hugging Face for nearly $13 billion, combining its AI infrastructure with the leading open-model developer platform.

Nvidia will buy Hugging Face for $12.93 billion, seeking to strengthen its open AI presence as customers develop their own chips.