Nvidia Acquires Hugging Face for $12.9 Billion in AI Expansion

Nvidia is acquiring Hugging Face for $12.9 billion, according to reports.

Hugging Face operates an open-source AI platform where developers can access and share AI models, datasets, software libraries, AI applications, and demos.

The acquisition fits into Nvidia CEO Jensen Huang's goal of building the AI world on the American stack, as he believes that if China develops cheaper open-source models, the US will be left behind.

Nvidia already supplies chips, networking, systems, libraries, and hosted computing but Hugging Face would add discovery, collaboration, testing, distribution, and deployment capabilities.