Nvidia is buying open-source AI platform Hugging Face for nearly $13 billion
Nvidia has announced an agreement to acquire the open-source AI platform Hugging Face for nearly $13 billion. The deal includes $11.9 billion in stock and an additional $1 billion in employee retention incentives.
Why it matters
This acquisition represents a major consolidation in the AI sector, signaling Nvidia's intent to dominate the open-source AI ecosystem.
The chipmaker agreed to pay $11.9 billion to Hugging Face stockholders, plus…
Also covering this story
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