Nvidia acquires Hugging Face for $12.93 billion to boost open-source AI
Nvidia announced it will acquire AI developer platform Hugging Face for $12.93 billion, aiming to expand its influence in open-source AI and bring it closer to developers. The deal is one of Nvidia's largest and comes as tech giants like Meta and OpenAI develop their own chips to reduce reliance on Nvidia. Nvidia CEO Jensen Huang said Hugging Face will remain an open platform for the entire AI ecosystem.
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