MarketPR
A reported $12.9 billion deal would give Nvidia (NVDA) ownership of Hugging Face, the open source AI platform, as the chipmaker moves to expand deeper into the AI ecosystem.
The agreement has not been confirmed by either company. Nvidia's move, as the report frames it, carries the chipmaker deeper into the AI ecosystem.
Hugging Face's role as an open source AI platform would extend Nvidia's reach into territory beyond what the chipmaker currently occupies.
A formal statement or regulatory filing from either Nvidia or Hugging Face would confirm terms and move the deal past its current reported status. That is the marker the NVDA setup is waiting on.
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