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Nvidia in Talks to Buy AI Startup Hugging Face
Nvidia is nearing a deal to acquire AI model hosting platform Hugging Face for approximately $13 billion.
What: Nvidia, which was already an existing investor in Hugging Face, is in late-stage talks to purchase the company three years after its $4.5 billion valuation.
Why it matters: The acquisition would consolidate Nvidia's control over the AI ecosystem by owning both the underlying hardware and the primary platform where developers share and host open-weights models.
Original article
Nvidia is close to finalizing a deal to acquire Hugging Face at a value of roughly $13 billion. Hugging Face makes AI software and hosts it for other companies. Nvidia was already a backer of Hugging Face, which was valued at $4.5 billion in a funding round three years ago.
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