AIQuartzabout 2 hours ago
Nvidia Agrees to Buy Hugging Face for $12.9 Billion
1 min read
Nvidia is buying AI company Hugging Face for $12.9 billion, gaining a major foothold in open-source AI. The deal helps protect Nvidia's dominant AI chip position as customers run downloaded models on Nvidia GPUs. Hugging Face last raised $235 million in 2023 at a $4.5 billion valuation.
Level
Hype check
Tap to vote and see what everyone thinks.
In this storyNvidia
