Nvidia Buys Hugging Face in $12.93B Push into AI Software

Nvidia has made a significant move into AI software by acquiring Hugging Face for $12.93 billion.

Hugging Face operates an open-source platform that allows developers to share and use models, datasets, and development tools.

The company's platform has over 18 million users who have shared more than 3 million models, 500,000 datasets, and 1 million applications.

Nvidia CEO Jensen Huang said in a statement that Hugging Face will remain an open platform for the entire AI ecosystem, allowing developers to choose their own models, frameworks, cloud providers, and computing platforms.