Nvidia agrees to buy Hugging Face for $12.9 billion, report says

Nvidia has agreed to buy Hugging Face, an open-source platform where developers collaborate and share AI tools and models, for $12.9 billion. The acquisition would give Nvidia control over one of the most widely used platforms for open-source AI models, expanding its reach into the software and model ecosystem. The deal comes after Hugging Face recently experienced a security incident (an unauthorized access to systems), which the company's CEO attributed to engineering mistakes.