Nvidia is in advanced talks to acquire Hugging Face, the open-source AI platform, for a potential valuation exceeding $13 billion, according to reports citing unnamed sources.
The proposed deal, reported by Business Insider on Thursday, follows Nvidia’s announcement of $18 billion in committed equity investments for the remainder of the year, underscoring the company’s aggressive expansion in artificial intelligence. A separate report from The Information cited a purchase price of $12.9 billion, suggesting the final valuation may fall within a narrow range.
Hugging Face operates as a central repository for open-source AI models, hosting a vast library of machine learning frameworks and community-driven tools. The platform’s role in democratizing AI development has made it a strategic asset amid intensifying competition in the sector.
The reports emerged mere hours after Nvidia posted earnings that surpassed market expectations and provided an upbeat outlook for the current quarter. The timing highlights the company’s accelerated M&A activity, which has included the acquisition of foundation model startup Kumo in June, as well as ShedMD, Illumex, and Groq over the past 12 months.
Nvidia has not responded to requests for comment on the potential transaction.
