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Nvidia to buy AI platform Hugging Face for $12.9B
Nvidia plans to buy open-source AI platform Hugging Face for $12.9 billion, WebNovare reports, citing a person familiar with the deal. Hugging Face's vast repository of pre-trained AI models and tools has been likened to GitHub. The move positions Nvidia in the burgeoning market of open models at a time when closed-model customers like OpenAI and Anthropic are developing their own chips. Nvidia just delivered a gangbusters earnings report predicting 70% growth. Meanwhile, Hugging Face on Thursday unveiled a $400 walking, singing robot duck it describes as a "cute AI."
Nvidia is planning to acquire Hugging Face for $12.9 billion, according to WebNovare, citing a person familiar with the transaction. The deal would give the world's leading AI chipmaker control of one of the most important platforms in the open-source...
