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Nvidia Buys Hugging Face for $12.9 Billion in Strategic AI Play
Nvidia's acquisition of Hugging Face for $12.9 billion marks a significant shift in the company's focus on artificial intelligence.
Hugging Face is a collaborative platform and repository for hosting pre-trained AI models, datasets, and open-source machine learning libraries.
The service allows users to test these models in free cloud spaces and inference environments, with some paid tiers available.
Nvidia's acquisition of Hugging Face is seen as a strategic move to steer developers towards the Nvidia ecosystem, capturing more business from AI developers using open-source models.
This move ensures that Nvidia will remain relevant in the next phase of AI development, where hardware purchases may decrease.