Nvidia to acquire Hugging Face for $12.93 billion
Nvidia has agreed to buy Hugging Face, the online platform for open-source AI models and datasets founded in 2016, for $12.93 billion. The platform had previously rejected a major investment from the chipmaker to maintain its independence. Nvidia CEO Jensen Huang said the acquisition will expand access to AI for developers and institutions worldwide.

How this story developed
Hugging Face hosts more than 3 million models and 500,000 datasets used by hundreds of developers. The deal would bring Nvidia closer to developers and broaden its customer base as tech giants develop chips to reduce reliance on the company.
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