Nvidia buys Hugging Face for $12.9B in push into AI software

Nvidia agreed to buy Hugging Face for $12.93 billion, gaining a platform used by more than 18 million developers to share and deploy AI models.

Nvidia has agreed to acquire Hugging Face for $12.93 billion, extending its reach into the software and tools developers use to build artificial intelligence.

The chipmaker agreed to acquire Hugging Face, which serves more than 18 million developers and hosts over 3 million models, Nvidia CEO Jensen Huang said in a Thursday announcement.

“Hugging Face will remain an open platform for the entire AI ecosystem,” Huang said, adding that developers will remain free to choose their models, frameworks, cloud providers and computing platforms.

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