Nvidia to acquire Hugging Face for $12.9bn

Nvidia has agreed to acquire AI platform Hugging Face for approximately $12.9 billion, gaining access to a large global developer community and a leading open-source platform. The deal aims to expand Nvidia's presence in AI software, with Hugging Face hosting over three million AI models used by more than 18 million developers and over 200,000 companies. Nvidia has stated the platform will remain open to developers, and the acquisition could boost competition and innovation in AI technology.

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