Nvidia to spend $13 billion on Hugging Face, leaving it as an open-source platform

Computer chip company Nvidia is buying artificial intelligence software platform Hugging Face for $12.93 billion.
Nvidia to spend $13 billion on Hugging Face, leaving it as an open-source platform

Nvidia, a prominent computer chip company, is set to acquire the artificial intelligence software platform Hugging Face for $12.93 billion. This strategic acquisition is expected to enhance Nvidia’s position in the rapidly growing AI sector. The company has indicated that Hugging Face will continue to operate as an open-source platform.

  • Nvidia is acquiring Hugging Face for $12.93 billion.
  • Hugging Face is an artificial intelligence software platform.
  • Nvidia is a computer chip company.
  • Hugging Face will remain an open-source platform.
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