Nvidia near $13b Hugging Face buy to dominate open-source AI
nvidia agrees to buy hugging face for $12.9 billion, expanding its open-source ai model offerings and protecting its ai chip dominance.
nvidia has agreed to buy hugging face for $12.9 billion, according to a report. hugging face is a key player in the open-source ai model ecosystem, allowing developers to share and download models. this acquisition would help nvidia maintain its dominance in ai chips, as major closed-source ai labs like openai and anthropic are building their own chips to reduce reliance on nvidia. owning hugging face would also give nvidia a way back into the cloud computing market and provide a financial safety net for unused computing power.