Nvidia Buys Hugging Face for $13 Billion, Embracing Open-Source AI

Nvidia has agreed to purchase Hugging Face for $13 billion, marking its latest deal in the AI space.

The acquisition highlights Nvidia's push towards championing open-source AI models, with more than 18 million developers and researchers using Hugging Face to share over 3 million models, 500,000 datasets, and 1 million applications.

Nvidia CEO Jensen Huang stated that the platform will remain open source after the acquisition, signaling the company's bet on the growing trend of businesses opting for open-source AI instead of proprietary services.