Nvidia closes in on Hugging Face acquisition

Nvidia has agreed to buy Hugging Face for $12.9 billion, The Information reported Wednesday night, citing a source familiar with the matter. Business Insider, which first reported over the weekend that Hugging Face was fielding takeover interest, reported Wednesday night that the talks — which would value the company at more than $13 billion — had not yet produced a signed agreement and could still atomize.

By AI NewsroomPublished about 13 hours agoUpdated about 3 hours ago2 views

Nvidia closes in on Hugging Face acquisition

Why It Matters

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Key Facts

Fact 1: Nvidia has agreed to buy Hugging Face for $12.9 billion, The Information reported Wednesday night, citing a source familiar with the matter.
Fact 2: Business Insider, which first reported over the weekend that Hugging Face was fielding takeover interest, reported Wednesday night that the talks — which would value the company at more than $13 billion — had not yet produced a signed agreement and could still atomize.
Fact 3: Hugging Face, founded in 2016, is one of the most popular hubs where developers share and download open source AI models.
Fact 4: (Chinese labs like Moonshot AI had released systems — like its Kimi K3 model — that matched leading U.S.

TechCrunch reached out earlier to both Nvidia and Hugging Face for comment, and neither has yet responded. (Nvidia’s silence is particularly noteworthy here, as the company has moved quickly in the past to address reports it considers inaccurate.) Maybe it was destined from the start. Hugging Face, founded in 2016, is one of the most popular hubs where developers share and download open source AI models.

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