Business Insider·2 min read·medium

It's official: Nvidia is buying Hugging Face for $13 billion

It's official: Nvidia is buying Hugging Face for $13 billion
AI Summary

Nvidia has officially confirmed its acquisition of Hugging Face for nearly $13 billion. The deal aims to scale Hugging Face's platform and improve infrastructure access for AI developers globally.

Why it matters

This acquisition represents a massive consolidation in the AI industry, potentially centralizing control over open-source AI development tools.

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Philip FONG / AFP via Getty Images Nvidia has confirmed that it's buying Hugging Face for almost $13 billion. Nvidia CEO Jensen Huang wrote in a Thursday blog post that Nvidia had agreed to acquire Hugging Face for $12,930,300,000, confirming Business Insider's previous report that…

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