Nvidia has reportedly agreed to acquire open-source AI platform Hugging Face for about $12.9 billion, according to a CNBC report on Aug. 27 that cited The Information. The reported move would extend Nvidia’s reach beyond AI chips and into one of the most widely used hubs for sharing and distributing open-source models. Hugging Face is often described as the "GitHub of AI" because developers use the platform to upload, download, and collaborate on models.
The reported price marks a sharp jump from Hugging Face’s earlier valuation. The company was valued at about $4.5 billion in an August 2023 fundraising round, while the acquisition figure now being discussed is about $12.9 billion. The Information also said talks valued Hugging Face at more than $13 billion.
Still, the transaction is not final. The report said the two sides have not signed a formal agreement, which means the deal could still fall apart. Neither Nvidia nor Hugging Face has publicly confirmed the matter. If completed, the acquisition would give Nvidia a foothold not only in AI training and inference hardware, but also in a major distribution center for open-source AI models.
Nvidia has reportedly agreed to acquire open-source AI platform Hugging Face for about $12.9 billion, according to CNBC on Aug. 27, citing technology publication The Information.
The reported deal would push Nvidia beyond AI hardware and deeper into the core of the AI ecosystem.
Hugging Face is widely known as the "GitHub of AI"
Hugging Face is the world’s largest aggregation platform for open-source AI models. Developers use it to share, download, and collaborate on a wide range of open-source models, which is why it is often referred to as the "GitHub of AI." If the transaction goes through, Nvidia would bring a widely used open-source hub under its umbrella.
Reported valuation is far above the company’s 2023 level
The reported acquisition price would mark a sizable jump in valuation. Hugging Face was valued at about $4.5 billion in a fundraising round in August 2023. The price now attached to the reported acquisition is about $12.9 billion.
No signed agreement yet, and both companies remain silent
The deal remains at the report stage. According to The Information, talks valued Hugging Face at more than $13 billion, but the two sides have not reached a formally signed agreement. That leaves room for the transaction to collapse. Neither Nvidia nor Hugging Face has publicly confirmed the report.
If completed, the acquisition would give Nvidia control over both AI training and inference hardware and a major distribution hub for models. Whether the deal reaches the finish line still depends on a formal statement from the two companies.
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