Nvidia CEO Jensen Huang Bloomberg/Getty Images

Nvidia has been in talks to acquire Hugging Face, the popular AI platform for sharing and building with open-source models, in what could be one of the chip giant's biggest deals yet.

The two parties have had acquisition conversations in recent weeks about a deal that would value Hugging Face at more than $13 billion , according to a person familiar with the matter. The companies have not yet reached a deal, and the talks could still fall apart, the person said. Business Insider on Sunday was the first to report that Hugging Face was fielding takeover interest.

Nvidia and Hugging Face did not respond to requests for comment.

Nvidia has increasingly ramped up dealmaking with its enormous cash pile.…