GoKawiilNvidia to buy AI hub Hugging Face for $12.9 billion
Nvidia has confirmed it will acquire Hugging Face, the New York startup behind the leading platform for open-source AI models, in a deal valued at $12.9 billion. CEO Jensen Huang said the price reflected competition from other bidders, making it Nvidia's second-largest acquisition after its $20 billion purchase of Groq's assets. Hugging Face hosts millions of models and datasets used by over 200,000 companies and 18 million developers.