Nvidia to buy Hugging Face for $12.93 billion in major AI expansion

AI Summary

Nvidia announced its acquisition of AI developer platform Hugging Face for $12.93 billion, aiming to expand its influence in open-source artificial intelligence and grow its developer base amid rising competition in chip manufacturing.

Nvidia said Thursday it will buy AI developer platform Hugging Face for $12.93 billion, its latest major investment to expand its influence in open-source artificial intelligence. The deal would bring Nvidia closer to developers and broaden its customer base as tech giants develop chips to reduce reliance on the company.