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

Nvidia agrees to acquire Hugging Face for nearly $13 billion, combining its AI infrastructure with the leading open-model developer platform.

Nvidia is buying artificial intelligence software platform Hugging Face for $12.93 billion

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