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Nvidia's $12.9 billion deal for Hugging Face
Nvidia agreed a $12.9 billion deal for Hugging Face, putting it closer to millions of AI developers and one of the industry's most important open-model platforms. Analysts quoted say the deal helps Nvidia protect the open-model ecosystem that drives demand for its chips while keeping a strategically important platform out of a rival's hands.
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Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Key Points Nvidia’s $12.9 billion deal for Hugging Face puts it closer to millions of AI developers and one of the industry’s most important open-model platforms. Analysts say the deal helps Nvidia protect the open-model ecosystem that drives demand for its chips while keeping a strategically important platform out of a rival’s hands. Hugging Face could also give Nvidia greater insight into which AI models, datasets and architectures are gaining traction among developers. In thi…