Nvidia has agreed to acquire Hugging Face for $12.93 billion, bringing a major hub for open-source artificial intelligence under the ownership of the world’s largest chip manufacturer. The deal finalises speculation that began in late August after reports suggested the company could be purchased at this valuation. Hugging Face, founded in 2016, allows developers to share projects and data with other users and the public. It is often described as the GitHub for AI due to its browsable library of open-source machine learning models and emphasis on community collaboration features.
This acquisition moves Nvidia closer to controlling the software layer where models are created and shared, not just the hardware they run on. By owning the platform, Nvidia gains direct access to a vast ecosystem of pre-trained models and datasets that developers rely on daily. This integration could tighten Nvidia’s grip on the entire artificial intelligence supply chain, from the chips that power the systems to the code that defines their capabilities.
* Deal value is $12.93 billion
* Acquisition was announced on 23 August
* Hugging Face founded in 2016
