Nvidia Pays $12.9 Billion to Acquire Hugging Face

Nvidia is reportedly acquiring Hugging Face for $12.9 billion, according to The Information.

The move would strengthen Nvidia's position in open-source AI and give it another avenue to deploy AI computing capacity through its cloud business.

Hugging Face hosts open-source AI models and datasets, providing tools and cloud services for developers.

Nvidia CEO Jensen Huang called investments in leading AI companies 'once in a generation opportunities' during the company's earnings call.