Nvidia Acquires Hugging Face for $12.93 Billion AI Play

Nvidia's acquisition of Hugging Face for $12.93 billion is a significant move in the AI landscape.

The deal, worth roughly 13.4% of Nvidia's latest quarterly revenue, marks a shift beyond hardware for the chip king.

Investors will receive $11.9 billion, while up to $1 billion will go toward retaining key employees.

Hugging Face, which hosts over three million models, 500,000 datasets, and one million applications, will remain open, allowing users to choose rival models and computing systems.