Nvidia agrees to acquire Hugging Face for $12.93 billion

Nvidia has agreed to acquire Hugging Face for $12.93 billion, according to Cointelegraph, in a deal that expands the chipmaker’s presence in AI software. Hugging Face operates a platform where developers share and deploy artificial-intelligence models. The platform is used by more than 18 million developers, giving Nvidia access to a broad community and software ecosystem alongside its established position in AI hardware. The transaction is centered on Hugging Face’s model-sharing and deployment platform. No additional deal terms were provided in the source material. Nvidia’s stock, listed under ticker NVDA, is the directly related market asset identified for this announcement.