Nvidia closes in on $12.9B Hugging Face acquisition

Nvidia closes in on Hugging Face acquisition

Nvidia has reportedly agreed to buy Hugging Face for $12.9 billion, per The Information. The deal would help Nvidia protect its chip dominance and re-enter cloud services. Business Insider notes no signed agreement yet and talks could still fall apart. Neither company has commented.

Why it matters: Nvidia's $12.9B Hugging Face acquisition is one of the biggest AI infra deals this year, with cross-source reporting from The Information and Business Insider. Not 90+ because the deal isn't signed yet — still a gap between 'closing in' and 'closed.'