Nvidia Agrees to Buy Hugging Face for $12.9B

Nvidia has agreed to acquire Hugging Face for $12.9 billion, putting the chip company closer to the open-source AI developer community. Reuters reports that the deal would give Nvidia direct access to a major hub for sharing and adapting AI code, while helping it compete as Meta, OpenAI, and Microsoft develop their own chips. 1

VentureBeat describes the agreement as a sharp marker of how quickly the AI industry has grown: Hugging Face's 2023 meetup reached about 5,000 attendees, and the company is now the subject of a $12.9 billion acquisition. The sources report an agreement; they do not establish that the transaction has closed. 2