Reuters says Nvidia's reported Hugging Face deal is worth $12.9 billion
Reuters said Nvidia agreed to buy Hugging Face for $12.9 billion, citing The Information and a person with knowledge of the deal. CNBC said another source confirmed talks. Nvidia and Hugging Face have not publicly confirmed a deal.
Verified 2:33 AM PDT · 2 original sources
The evidence
What the reporting establishes
What happened
The reported price is nearly three times Hugging Face's $4.5 billion valuation from its 2023 funding round. Hugging Face hosts models, datasets, and tools for many open-model developers. Nvidia already sells much of the hardware those developers use to train and run models.
Why it matters
A deal would give Nvidia a place inside the hub where many developers find, test, and ship models. Nvidia would still sell much of the hardware those developers use. That puts Nvidia closer to both the model workflow and the chips, while large AI labs try to work around its hardware.
The caveat
The report still rests on unnamed sources. Reuters said it could not verify The Information's account on its own. CNBC said talks were ongoing. Other reporting said a signed agreement was not certain. The companies have not published terms or a regulatory filing.
What to watch
Watch for company confirmation, a regulatory filing, and any promise that Hugging Face will stay neutral across chip vendors. If a deal closes, hosting terms, rankings, and deployment defaults will show how much control Nvidia gets.
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Original sources
Company claims remain company claims. Follow the reporting and judge the evidence directly.
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