Nvidia's $12.93B Acquisition of Hugging Face Signals Strategic Push into Open-Source AI
Nvidia has agreed to pay $12.93 billion for Hugging Face, a platform hosting over 3 million AI models and used by more than 18 million developers. The deal values Hugging Face at roughly 86 times its annualized revenue of $150 million, reflecting its central role in open-source AI. Nvidia CEO Jensen Huang stated that the platform will remain open, and the transaction is expected to close in the first half of 2027.
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