Nvidia agrees to buy Hugging Face for $12.9 billion, Susan Li reports

Nvidia agrees to buy Hugging Face for $12.9 billion, Susan Li reports
Nvidia to buy Hugging Face for $12.9 billion

Susan Li reports that Nvidia has agreed to acquire Hugging Face for $12.9 billion, according to reports.

Hugging Face operates one of the largest platforms for hosting and sharing open-source AI models and datasets. Nvidia was already an investor in the company, participating in a $235 million funding round in 2023 that valued Hugging Face at $4.5 billion.

Susan Li previously highlighted that Alibaba’s Qwen AI model reached over 3 billion downloads in six months, outpacing Meta, Google, and other Chinese competitors, as reported here. She also covered Sandisk’s projection that the global flash memory market is expected to exceed $300 billion in 2026, with mid to high teens volume growth anticipated, as detailed here. These reports offer additional context to her coverage of technology sector developments.

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