AIFortuneabout 1 hour ago
Nvidia Agrees to Buy Hugging Face for $12.9 Billion
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Nvidia is acquiring AI model repository Hugging Face for $12.9 billion, nearly three times its $4.5 billion valuation from a 2023 funding round. The deal would strengthen Nvidia's AI chip dominance and open-source position, though regulators may scrutinize potential hardware and software restrictions.
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