Nvidia has agreed to acquire Hugging Face for $12.9 billion, according to The Information — with the sides finalizing the deal and no official comments from either company yet. Talks accelerated after Hugging Face received a takeover offer from another unnamed player and hired a bank to assess demand. For Nvidia, the deal is a move beyond hardware: direct control over the platform where most open models are developed and distributed. The acquisition will almost certainly draw antitrust scrutiny.

Related: Nvidia Puts $7 Billion Behind Open-Weight Models to Rival DeepSeek and Kimi, Nvidia Announces Nemotron 3 Ultra — Most Powerful Open Model from the U.S.

Nvidia agrees to buy Hugging Face for $12.9 billion (The Information)