Under the deal, Nvidia will pay about $11.9bn to Hugging Face investors

Nvidia will buy popular developer platform Hugging Face for US$12.93 billion, betting that support for open AI models will drive future demand even as its biggest customers…

It was already rumored, but now we know.

Nvidia will buy Hugging Face for $12.93 billion, seeking to strengthen its open AI presence as customers develop their own chips.

Nvidia is expanding its AI spending and capabilities with the acquisition of AI and ML platform Hugging Face.