Nvidia Has Reportedly Agreed To Buy AI Model Hosting Platform Hugging Face For $13 Billion

Nvidia has reportedly agreed to acquire the AI model hosting platform Hugging Face for approximately $12.9 billion to $13 billion. This strategic investment follows a previous $235 million investment by Nvidia during a Series D funding round in August 2023. The acquisition aims to strengthen Nvidia's open-model strategy and solidify its position against rivals. The deal valuation reportedly exceeds Hugging Face's revenue by over 80 times, marking a significant expansion within the AI ecosystem.