Nvidia Acquires Hugging Face for $12.9 Billion

Nvidia has reportedly acquired Hugging Face, a leading platform for hosting open-source AI models, for $12.9 billion. The Information broke the final deal news Wednesday, after Business Insider reported multiple buyers had expressed interest, including Salesforce. Hugging Face hosts over 2 million AI models and serves more than 13 million developers. The acquisition expands Nvidia's footprint across the AI stack and intensifies competition with Stripe, which recently acquired AI model marketplace OpenRouter for $7.5 billion.