NVIDIA Scores Big with $12.93B Hugging Face Acquisition

NVIDIA has announced its acquisition of Hugging Face for $12.93 billion, aiming to scale open AI models and infrastructure.

Hugging Face is a popular open-source AI platform that serves over 18 million developers and researchers globally, hosting more than three million AI models, half a million datasets, and a million applications.

NVIDIA CEO Jensen Huang emphasized the commitment to keeping Hugging Face open and interoperable, saying 'developers will continue to choose their preferred models, frameworks, clouds, and computing platforms.'

The acquisition aligns with NVIDIA's broader strategy to dominate the AI stack, from hardware to software and ecosystem development.