Commentary: US$13 billion Hugging Face deal would crown Nvidia king of AI

Nvidia wants open AI models to thrive, but for a self-interested reason, says Parmy Olson for Bloomberg Opinion.

The $12.9 billion deal could help Nvidia hedge against a future where its biggest customers build their own chips.

Nvidia is nabbing critical infrastructure for open models as interest grows.

Nvidia reportedly agreed to buy open source AI platform Hugging Face for $12.9 billion as the chipmaker expands deeper into the AI ecosystem.

Nvidia has reportedly agreed to buy Hugging Face, the popular open-source AI hub, for $12.9 billion in a move that would let Nvidia both protect its chip empire and jump back into the cloud business.

New reports outline deal talks between the two companies as open-source AI technology comes more into focus.

Nvidia agrees to buy Hugging Face for $12.9 billion, The Information reports  Reuters

Nvidia CEO Jensen Huang Bloomberg/Getty Images Nvidia has been in talks to acquire Hugging Face for more than $13 billion. The companies have not reached a deal, and the talks could still fall apart. Hugging Face also met with Microsoft, which did not result in a deal. Nvidia has been in talks to acquire Hugging Face