Nvidia Acquires Hugging Face in $12.9 Billion Open-Source AI Deal

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Nvidia has agreed to acquire AI platform Hugging Face in a deal valued at $12.9 billion. The acquisition, which had been rumored for some time, gives the chip giant direct access to Hugging Face's vast repository of open-source AI models and datasets. The move signals Nvidia's strategic push beyond hardware into the broader AI ecosystem. By owning Hugging Face, Nvidia will also be positioned to actively promote open-source AI development across the industry.

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