Nvidia Snaps Up Hugging Face in $13 Billion AI Play

Nvidia has confirmed its acquisition of Hugging Face for $13 billion. According to Nvidia CEO Jensen Huang, the company will continue to support Hugging Face as an open-source platform. This deal marks Nvidia's latest push into artificial intelligence software and highlights the growing importance of open-source AI models.

Huang announced the acquisition in a blog post on Thursday, stating that Nvidia would maintain its commitment to keeping Hugging Face open. The transaction price is $13 billion, but no further details about the terms were disclosed.