NVIDIA Agrees to Acquire Open-Source AI Platform Hugging Face for $12.9 Billion

Reuters, citing The Information, reported that NVIDIA has agreed to acquire Hugging Face, the leading open-source AI model hosting platform, for approximately $12.9 billion. Neither company has officially confirmed the deal, which follows NVIDIA's earlier $6 billion acquisition of AI coding firm Poolside. The acquisition would allow NVIDIA to dominate the distribution of open-source models and deepen integration between its hardware and the global developer ecosystem, cementing its position at the center of the AI infrastructure boom. The move signals open-weight AI platforms becoming the hottest acquisition targets in Silicon Valley.