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Nvidia Buys Hugging Face for $12.93 Billion AI Play
Nvidia has announced plans to acquire AI platform Hugging Face for $12.93 billion.
Hugging Face, which was founded in 2016 as an entertainment app for teenagers, transformed into a major platform for artificial intelligence development by 2020.
The platform allows developers to store, download, and test AI models, datasets, and various tools, many of which are available for free.
Nvidia's acquisition could be a major step in strengthening its position in the rapidly growing AI industry, with Hugging Face having a large community of developers.