Nvidia Reportedly Considering $12.9 Billion Acquisition of Hugging Face
According to The Information, Nvidia (NVDA) is reportedly in discussions to acquire open-source AI platform Hugging Face for approximately $12.9 billion. This potential deal would nearly triple the company's valuation from its last funding round and mark one of Nvidia’s largest acquisitions ever. Hugging Face has become a key player in the AI ecosystem, hosting over 2.4 million models and 730,000 datasets that support global machine learning development. The acquisition could help Nvidia maintain influence as closed-source labs like OpenAI, Google (GOOG), Amazon (AMZN), and Anthropic develop their own silicon to reduce reliance on its hardware. The deal comes at a time when Hugging Face is launching the $399 Microduck consumer robot, aiming to make AI more accessible. However, regulatory hurdles remain as competitors may challenge Nvidia’s dominance in open-source AI infrastructure.
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Topics: AI corporate strategy open-source platforms robotics