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Fortune
Fortune
Technology
Beatrice Nolan

Nvidia nears $12.9 billion deal to buy open-source AI platform, Hugging Face, report says

Jensen Huang walking and looking at the camera. (Credit: Tierney L. Cross/Bloomberg via Getty Images)

Nvidia is buying AI company Hugging Face for $12.9 billion, according to a report in tech publication The Information.

The deal would give Nvidia a major foothold in open-source AI at a moment when open-source developers are increasingly closing the gap with closed systems from companies such as Anthropic and OpenAI. Hugging Face is a repository that hosts open-source AI models, as well as benchmark evaluations, and data sets used for AI training and testing.

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