Nvidia agrees to acquire Hugging Face for $13B

Nvidia is negotiating to acquire Hugging Face for over $13 billion, a valuation far above the $4.5 billion price from its 2023 $235 million funding round. The chipmaker previously rejected a $500 million offer that would have valued Hugging Face at $7 billion, citing concerns over a dominant investor. Acquiring the platform would give Nvidia deeper access to the open-source AI ecosystem, though it could threaten Hugging Face’s neutrality toward competing hardware vendors.