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Nvidia's AI Expansion: A Shift from Picks and Shovels?
Nvidia's business expansion has raised questions about its core focus.
The company is in talks to acquire Hugging Face for over $13 billion, a move that would bring it closer to the heart of artificial intelligence development.
Hugging Face hosts over 2 million open-source AI models, making it an attractive target for Nvidia as it seeks to build deeper bonds with the community and mitigate risks from top AI labs creating their own chips.
Nvidia has been on a deal-making spree, with its investments in private companies reaching $47.9 billion as of late July, more than double the end-of-January figure of $22.3 billion.