- Nvidia is reportedly preparing to acquire Hugging Face for $12.9bn
- A 2023 investment round valued the company at $4.5bn
- Nvidia is on a roll of investing heavily in other companies
Nvidia has reportedly spent the past couple of weeks actively engaging with Hugging Face to explore an acquisition deal worth an estimated $12.9 billion, according to Business Insider reporting, citing an unnamed source familiar with the matter.