Nvidia is reportedly in talks to buy Hugging Face for $12.9bn

Nvidia is negotiating to buy Hugging Face for approximately $12.9 billion, more than double its 2023 valuation and about 86 times its $150 million annual revenue. The startup previously turned down a $500 million investment over governance concerns. The deal would place the leading open-model hosting platform under a major AI hardware supplier, prompting antitrust scrutiny.