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Nvidia Bets Big on Open-Weight AI With $12.9 Billion Hugging Face Acquisition
Nvidia has acquired Hugging Face for $12.9 billion, marking a significant move in the AI industry.
The deal is not just about buying a popular developer platform but also a strategic bet on what the industry may become.
Hugging Face represents an open-weight AI vision where developers can access and customize models built by companies and researchers worldwide.
With over 18 million developers using Hugging Face, hosting more than 3 million models, 500,000 datasets, and 1 million applications, Nvidia aims to supply computing power, software, and developer platforms either way - whether it's closed or open.