Nvidia is in advanced talks to acquire Hugging Face, a prominent open-source artificial intelligence platform, for a valuation exceeding $13 billion, according to a report by Business Insider.
The potential acquisition, reported on Thursday, follows Nvidia's recent earnings release and upgraded guidance for the current quarter, which analysts described as exceeding expectations. Separate reporting from The Information cited a deal value of approximately $12.9 billion, aligning closely with the Business Insider estimate.
Hugging Face operates as a central hub for open-source AI models, hosting a vast library of machine learning frameworks and community-driven tools widely used in generative AI development. The platform's infrastructure supports thousands of models across natural language processing, computer vision, and other AI domains.
The reported deal comes amid Nvidia's accelerated expansion in the AI ecosystem through acquisitions. Over the past 12 months, the chipmaker has acquired foundation model startup Kumo, healthcare AI firm ShedMD, and AI infrastructure companies Illumex and Groq. These transactions underscore Nvidia's strategy to integrate key AI capabilities and talent into its portfolio.
Nvidia has committed to deploying $18 billion in equity investments for the remainder of the year, as disclosed in its most recent earnings presentation. The company did not immediately respond to requests for comment on the reported acquisition talks.
The potential acquisition of Hugging Face would further solidify Nvidia's position in the generative AI market, following its leadership in AI chip sales and software platforms. The deal remains subject to regulatory review and final agreement terms.
