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Nvidia reportedly agrees to buy Hugging Face for $12.9B, its second-largest acquisition after $20B Groq asset purchase

Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, marking its second-biggest deal after paying $20 billion for Groq assets late last year.

WHY IT MATTERS

If completed, this acquisition would bring a major open-source model hub and ML tooling ecosystem under Nvidia's control, potentially reshaping how teams access and deploy open models. The deal signals Nvidia's continued push beyond hardware into the software and platform layer of AI infrastructure. Only one feed is carrying this story, so details remain limited.

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The three things worth knowing

01

Nvidia agreed to buy Hugging Face for $12.9 billion, making it the chipmaker's second-largest acquisition.

02

The purchase follows Nvidia's $20 billion acquisition of Groq assets at the end of last year, its largest deal.

03

Hugging Face is described as an open-source AI platform, indicating Nvidia is expanding beyond hardware into AI software infrastructure.

THE CLUSTER

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Techmeme Nvidia agrees to buy Hugging Face for $12.9B, its second-biggest purchase after it paid $20B for Groq assets at the end of last year (Ari Levy/CNBC) Open ↗