Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, according to a report by The Information. The deal would rank among Nvidia’s biggest acquisitions and strengthen its position across the AI ecosystem. It comes as rivals develop alternatives to Nvidia’s dominant AI chip technology

Nvidia has reportedly agreed to acquire Hugging Face, a major repository of open-source artificial intelligence models and datasets, for $12.9 billion, The Information reported on Wednesday, citing a person familiar with the matter.

If completed, the transaction would be one of Nvidia’s largest acquisitions and represent a significant expansion of the chipmaker’s presence beyond hardware.

Nvidia, led by CEO Jensen Huang, has emerged as one of the biggest beneficiaries of the global AI boom through demand for its graphics processing units (GPUs).

Nvidia expands presence in open-source AI