Nvidia agrees to buy Hugging Face for $12.9B, The Information reports
Nvidia has agreed to acquire Hugging Face for $12.9 billion — roughly 80 times forward revenue — after a rival suitor approached the company, according to The Information, though neither side has confirmed and no contract is signed. Buying the default repository for open-weight models, datasets, and evaluations extends Nvidia's reach from silicon up through the model layer, making the distribution point for open-source AI an Nvidia-owned asset.
Source: cnbc.com ↗
It is clear that Nvidia wants to be integrated in the entire stack vertically, going from energy to foundational models and also to applications.
Siddy Jobe, Eonopolis Exponential Technologies
Why this matters
- → Nvidia controls the AI model distribution layer, not just chips.
- → Consolidates open-source tooling under a single vendor.
- → Extends vertical integration from silicon to applications.
Nvidia's vertical play