Nvidia is acquiring Hugging Face for $13 billion, expanding its AI dominance beyond chips into open-source software as its market cap reaches

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.

The AI chipmaker says it will keep Hugging Face as an open platform

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