Nvidia is reported to have agreed to acquire Hugging Face, an open-source AI platform, for about US$12.9 billion (roughly US$13 billion), according to multiple outlets. The reports say the deal would give Nvidia control of Hugging Face’s AI model hosting and developer ecosystem as it expands further into the broader AI technology stack.

Context around the potential acquisition varies by outlet. TechCrunch and other reports describe it as a way for Nvidia to strengthen its position in the AI ecosystem and potentially re-enter or expand cloud-related ambitions. Some sources also note Nvidia’s interest in Hugging Face over time, including earlier investment activity, though specific figures differ between reports. Channel NewsAsia points to prior context involving Hugging Face’s earlier rejection of a US$500 million Nvidia offer reported by the Financial Times, while Bloomberg relays that co-founder Thomas Wolf does not comment on the acquisition reports but says the company has long attracted buyers.

Overall, outlets largely agree on the reported purchase price and that negotiations have moved toward an agreement, but they differ in emphasis—on strategic diversification, cloud implications, and prior valuation or investment history.