Nvidia acquires AI platform Hugging Face in $12.9bn deal

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Nvidia has announced a $12.9 billion agreement to acquire Hugging Face, a prominent open-source artificial intelligence platform. The deal would give the chipmaking giant control over one of the most widely used AI developer communities in the world. Hugging Face is known for hosting thousands of open-source AI models and tools used by researchers and developers globally. The acquisition signals Nvidia's ambition to expand its influence beyond hardware and deeper into the AI software and platform ecosystem.

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