Nvidia Could Spend $12.9B to Buy a Company That Just Launched a $399 Robot. Here’s Why.

Hugging Face, the open-source AI platform often described as the GitHub for machine learning, has emerged as one of the most consequential acquisition targets in the technology sector, with Nvidia (NVDA) reportedly agreeing to purchase the company for $12.9 billion, according to The Information.

This deal, if finalized, would represent one of the largest acquisitions ever undertaken by the $5 trillion chipmaker and would nearly triple Hugging Face's $4.5 billion valuation from its 2023 funding round.