The announcement confirms earlier reports from 'The Information' that Nvidia had bought out 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 Hugging Face for $12.9 billion, the companies said on Thursday, confirming Business Insider's previous reporting.

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