Nvidia agrees to buy Hugging Face for $12.9 billion

Nvidia has agreed to buy AI platform Hugging Face for $12.9 billion, The Information reported on Wednesday, citing a person with knowledge of the deal.

The ‌chipmaker and ⁠New ⁠York-based Hugging Face, which hosts open-source ​large language models and datasets, did not immediately ​respond to Reuters requests for comment outside regular business hours.

Nvidia was ​among the backers, ⁠alongside Salesforce ‌and Alphabet's Google, that ​backed ​Hugging Face in a $235 ⁠million funding round in 2023 that ​valued the company at $4.5 billion.


The ​Financial Times reported in January that Hugging Face last year rejected a $500 million investment offer from Nvidia that would have ‌valued it at $7 billion.

Nvidia on Wednesday forecast a 70% jump ​in ​revenue next ⁠fiscal year, underscoring unabated demand for AI computing. Nvidia also said it has $18 ​billion committed to equity investments for the rest of 2027 fiscal year.

(Reporting by Carlos Mendez in Mexico City; Editing by Rashmi Aich and Subhranshu Sahu)