Nvidia (NVDA.O) has agreed to buy Hugging Face, a repository of open-source AI models, for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.
A deal of that size would mark one of Nvidia's largest acquisitions to date and underscore how the Jensen Huang-led company at the center of the AI boom is betting that demand for the technology is expanding rather than peaking.
It would also give Nvidia control of Hugging Face - which hosts open-source large language models and datasets - at a time when builders of closed-source models such as Anthropic and OpenAI are seeking to create their own chips as an alternative to Nvidia's graphics processing units.
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